Daily commentary - 2010-02-17, 09:52
EURUSD
Oscillations between 1,3780-1,3680 remain highly possible in case the upper level is not broken within next couple of hours. Fall below the lower limit should initiate downward pressure leading to the test of 1,3620 with a chance for even deeper downward march. Successful breach through 1,3780 will bring this cross up to 1,3820/55 or even 1,3910 later on.
Oscillations between 1,3780-1,3680 remain highly possible in case the upper level is not broken within next couple of hours. Fall below the lower limit should initiate downward pressure leading to the test of 1,3620 with a chance for even deeper downward march. Successful breach through 1,3780 will bring this cross up to 1,3820/55 or even 1,3910 later on.
GBPUSD
After exceeding 1,5760 next target is placed at 1,5885 with a short stop at 1,5820. Retreat below 1,5760 should generate strong downward pressure with range of drops around 1,5620. Only rise above 1,5885 may extend current corrective movement opening way towards 1,5990.
USDCHF
Currently the pair is limited from below by 1,0650 what in case is broken may lead to 1,0590. Otherwise retreat to 1,0720 is highly possible. Stronger downside pressure should initiate deeper falls bringing the cross to 1,0540/10.
EURJPY
Drop to the area of 124,10/20 should be considered to open long positions with targets set at 124,90. Stronger upside pressure may lead even to the test of 125,90. Only retreat below 123,90 will cancel this scenario for a while.
