BAVARIA FIRST INVESTMENT

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		<h1>Recommendation - 2010-02-26 10:05</h1>EURUSD As long as this pair is above support at 1.3450 some longs from 1.3530 shall be considered but with no more than 30 pips of stop loss order as firmly breaking support at 1.3500 may easily fall toward last thorough at 1.3440 or even 60 pips lower. On the other hand, any rebound toward 1.3590 or even 40 pips higher is still possible but only while level at 1.3500 will be kept. USDCHFOpening shorts from 1.0810 would be quite profitable moreover in case rebound even 30 pips higher enlarging previous shorts shall be recommended as long as the significant resistance at 1.0890 is not tested. Moreover smoothly breaking resistance at 1.0840 shall extend jump toward 1.0930. On the other hand the support around 1.0600 shall be reasonable only in case falls below 1.0720. GBPUSDDue to quick rebound from support at 1.5190 toward 1.5290 area testing supports at 1.5240 and 30 pips lower seems to be a matter of time. Moreover any stronger slide may drive this pair down to psychological support at 1.5000. So Today our recommendation perceives any correction rebound from 1.5220 where some longs shall be placed with no more than 30 pips of stop loss order with a targets around 1.5350.&nbsp;&nbsp;EURJPYAs long as We are above 120.00 some longs from 120.70 should be considered with a targets around 121.70 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 - 2010-02-26, 10:05

EURUSD

As long as this pair is above support at 1.3450 some longs from 1.3530 shall be considered but with no more than 30 pips of stop loss order as firmly breaking support at 1.3500 may easily fall toward last thorough at 1.3440 or even 60 pips lower. On the other hand, any rebound toward 1.3590 or even 40 pips higher is still possible but only while level at 1.3500 will be kept.

USDCHF

Opening shorts from 1.0810 would be quite profitable moreover in case rebound even 30 pips higher enlarging previous shorts shall be recommended as long as the significant resistance at 1.0890 is not tested. Moreover smoothly breaking resistance at 1.0840 shall extend jump toward 1.0930. 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 1.5190 toward 1.5290 area testing supports at 1.5240 and 30 pips lower seems to be a matter of time. Moreover any stronger slide may drive this pair down to psychological support at 1.5000. So Today our recommendation perceives any correction rebound from 1.5220 where some longs shall be placed with no more than 30 pips of stop loss order with a targets around 1.5350.

EURJPY

As long as We are above 120.00 some longs from 120.70 should be considered with a targets around 121.70 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 - 2010-02-26, 10:05

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