BAVARIA FIRST INVESTMENT

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		<p class="header"></p><h1>Recommendation - 2010-03-05 <small>10:21</small></h1><div align="justify">EURUSD<br />Until today's publication of the US data on labour market the most probable range of trading remains between 1,3520-1,3630. Any rebound outside these limits should initiate further extensive movements. Rise above 1,3630 should lead this cross to yesterday's highs and drop below the lower limit is likely to reach 1,3440. Stronger upside pressure confirmed by exceeding 1,3740 should finish at 1,3800 or even higher. </div><p align="justify">&nbsp;</p><p align="justify">GBPUSD<br />Unless this pair stays above 1,5000 further corrective gains are possible. Right now the nearest resistance level is placed at 1,5080 and in case it is broken the pair may reach 1,5170 or even 1,5240. Otherwise drop below 1,4990 will finish current correction and open way for deeper falls with destination target at 1,4720.</p><p align="justify">&nbsp;</p><p align="justify">USDCHF<br />As long as the pair stays above 1,0720 another approach towards 1,0800 remains possible. In case this level  is broken attack on 1,0880 is very likely. Drop below 1,0690 should extend downside pressure to 1,0610.</p><p align="justify">&nbsp;</p><p align="justify">EURJPY<br />Range of trading for today we may assess for 128,80-121,90. Upside rebound confirmed by breaking 122,25 should bring this cross as high as 122,40. Otherwise retreat to 119,60 shall take place. </p><p class="law">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.</p>
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Daily commentary - 2010-03-05, 10:21

EURUSD
Until today's publication of the US data on labour market the most probable range of trading remains between 1,3520-1,3630. Any rebound outside these limits should initiate further extensive movements. Rise above 1,3630 should lead this cross to yesterday's highs and drop below the lower limit is likely to reach 1,3440. Stronger upside pressure confirmed by exceeding 1,3740 should finish at 1,3800 or even higher.

GBPUSD
Unless this pair stays above 1,5000 further corrective gains are possible. Right now the nearest resistance level is placed at 1,5080 and in case it is broken the pair may reach 1,5170 or even 1,5240. Otherwise drop below 1,4990 will finish current correction and open way for deeper falls with destination target at 1,4720.

USDCHF
As long as the pair stays above 1,0720 another approach towards 1,0800 remains possible. In case this level is broken attack on 1,0880 is very likely. Drop below 1,0690 should extend downside pressure to 1,0610.

EURJPY
Range of trading for today we may assess for 128,80-121,90. Upside rebound confirmed by breaking 122,25 should bring this cross as high as 122,40. Otherwise retreat to 119,60 shall take place.

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Daily commentary - 2010-03-05, 10:21

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