BAVARIA FIRST INVESTMENT

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		<h1>Recommendation - 2010-02-25 10:24</h1>EURUSD As long as the support at 1.3450 survives some longs from 1.3460 shall be considered but with no more than 30 pips of stop loss order as firmly breaking the last thorough at 1.3430 may easily fall toward at 1.3380. On the other hand, there is strong possibility that so called double thorough around 1.3440 shall be strongly defend with optional rebound to 1.3530 and the 100 pips higher in consequence. USDCHFOpening shorts from 1.0860 would be quite profitable as long as the firm resistance 30 pips higher was created double top successfully . Moreover smoothly breaking support at 1.0830 shall extend falls toward 1.0800 and then 50 pips lower. On the other hand target around 1.0940 shall be reasonable only in case jump above 1.0890. GBPUSD&nbsp;This pair is in strong downward rally with a possible target around 1.4880 in two weeks especially due to UK's debt concern and bearish sentiment on equity markets. So any correction rebound should be used as an opportunity for sell. Today We suggest to wait with opening shorts till come back of the rate toward 1.5330. Only rally above 1.5400 may reverse our strategy to more bullish with targets around 1.5500 at least. EURJPYAs long as We are above 120.00 some longs from that area ( meaning 120.30) should be considered with a targets around 121.00 and then 70 pips higher. Moreover in case rebound above 122.40 another 70 pips should not be a problem with a targets at 124.50 in a longer perspective. In case falls below support at 120.00 the market may drive this pair down to 119.50 and then 118.30 in consequence.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 - 2010-02-25, 10:24

EURUSD

As long as the support at 1.3450 survives some longs from 1.3460 shall be considered but with no more than 30 pips of stop loss order as firmly breaking the last thorough at 1.3430 may easily fall toward at 1.3380. On the other hand, there is strong possibility that so called double thorough around 1.3440 shall be strongly defend with optional rebound to 1.3530 and the 100 pips higher in consequence.

USDCHF

Opening shorts from 1.0860 would be quite profitable as long as the firm resistance 30 pips higher was created double top successfully . Moreover smoothly breaking support at 1.0830 shall extend falls toward 1.0800 and then 50 pips lower. On the other hand target around 1.0940 shall be reasonable only in case jump above 1.0890.

GBPUSD

This pair is in strong downward rally with a possible target around 1.4880 in two weeks especially due to UK's debt concern and bearish sentiment on equity markets. So any correction rebound should be used as an opportunity for sell. Today We suggest to wait with opening shorts till come back of the rate toward 1.5330. Only rally above 1.5400 may reverse our strategy to more bullish with targets around 1.5500 at least.

EURJPY

As long as We are above 120.00 some longs from that area ( meaning 120.30) should be considered with a targets around 121.00 and then 70 pips higher. Moreover in case rebound above 122.40 another 70 pips should not be a problem with a targets at 124.50 in a longer perspective. In case falls below support at 120.00 the market may drive this pair down to 119.50 and then 118.30 in consequence.

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Daily commentary - 2010-02-25, 10:24

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