BAVARIA FIRST INVESTMENT

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		<h1>Recommendation - 2010-02-22 10:16</h1><div align="justify">EURUSD This pair is currently in its correction rebound from 1.3450 which may reach even 1.3410 where some shorts shall be considered but today we recommend to think about some longs from 1.3570 and we have to remember about 30 pips of stop loss order as firmly breaking support at 1.3540 may easily fall below last thorough at 1.3440.</div>&nbsp;USDCHF Opening shorts from 1.0790 would be quite profitable as long as the significant resistance 40 pips higher is not tested. Moreover smoothly breaking resistance at 1.0830 shall extend jump toward 1.0930 but with the first pause at 1.0870. On the other hand the support around 1.0600 shall be reasonable only in case falls below 1.0720.&nbsp;GBPUSD Due to quick rebound from support at 1.5350 toward 1.5500 area testing supports at 1.5440 and 30 pips lower seems to be a matter of time. Moreover any stronger slide may drive this pair down to last thorough again. So Today our recommendation perceives some correction rebound from 1.5430 where some longs shall be placed with no more than 30 pips of stop loss order as breaking 1.5400 another 50 pips may takes only few hours.&nbsp;EURJPY This current correction rebound should lead us toward 129.00 area but first of all some longs from 124.20/10 should be considered . Moreover in case rebound above 124.50 another 60 pips should not be a problem with a targets at 126.70 in a longer perspective. Otherwise, only firm breaking through support at 124.00 may easily add another 200 pips lower.The Recommendations are estimated with our best knowledge and diligence. We accept no responsibility for the accuracy or completeness of any information here in contained nor for any forecasts or recommendations. We shall not be responsible for any loss arising from any investment based on any recommendation, forecast or other information herein contained. The contents of this publication should not be construed as an express or implied promise, guarantee or implication by us that you will profit from the strategies herein or that your losses in connection therewith can or will be limited. Stops may not necessarily limit losses to intended levels.
					Bavaria First Investment Ltd. All rights reserved.</body></html>

Daily commentary - 2010-02-22, 10:16

EURUSD
This pair is currently in its correction rebound from 1.3450 which may reach even 1.3410 where some shorts shall be considered but today we recommend to think about some longs from 1.3570 and we have to remember about 30 pips of stop loss order as firmly breaking support at 1.3540 may easily fall below last thorough at 1.3440.

USDCHF
Opening shorts from 1.0790 would be quite profitable as long as the significant resistance 40 pips higher is not tested. Moreover smoothly breaking resistance at 1.0830 shall extend jump toward 1.0930 but with the first pause at 1.0870. On the other hand the support around 1.0600 shall be reasonable only in case falls below 1.0720.

GBPUSD
Due to quick rebound from support at 1.5350 toward 1.5500 area testing supports at 1.5440 and 30 pips lower seems to be a matter of time. Moreover any stronger slide may drive this pair down to last thorough again. So Today our recommendation perceives some correction rebound from 1.5430 where some longs shall be placed with no more than 30 pips of stop loss order as breaking 1.5400 another 50 pips may takes only few hours.

EURJPY
This current correction rebound should lead us toward 129.00 area but first of all some longs from 124.20/10 should be considered . Moreover in case rebound above 124.50 another 60 pips should not be a problem with a targets at 126.70 in a longer perspective. Otherwise, only firm breaking through support at 124.00 may easily add another 200 pips lower.

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Daily commentary - 2010-02-22, 10:16

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