Good morning. We would like to present our currency market forecasts for today.

EURUSD
For today we expect range of movements between 1,4840-1,4970. Below 1,4840 there is a possibility of drops to 1,4800/10. In case of a breakout the rate should climb at first to 1,5070 and later to 1,5150.

USDJPY
The pair is heading towards 109,70 which we consider to be a bullish reversal point. Afterwards we expect a drop to 108,40 and within next couple of days even deeper to 106,80/70.

USDCHF
The situation is pretty much the same as yesterday. Our attitude stays unchanged, range of trading 1,0830-1,0960. Opening short positions around 1,0930 would be suggested. If the level of 1,0830 is broken, slide to 1,0750 should appear.

GBPUSD
Yesterday's plunge caused by BoE's commentary on the economy has been stopped at 1,8640. Right now further declines to 1,8580 are possible. This level would be good to enter long with small volume.

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