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

EURUSD
The level of 1,2660 seems favourable to open short positions. Its target we assess for 1,2500 or even 1,2460.

GBPUSD
Possible rise to 1,5590 we suggest using to go short. Expected drop should reach 1,5250.

USDJPY
Retreat towards 98,30/98,70 should be used to open short positions. Afterwards decline to 97,50/97,10. In case 97,10 is broken further drops to 96,70 are expected.

USDCHF
Is seen trading in range 1,1890-1,1810.

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