BAVARIA FIRST INVESTMENT

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		<h1>Recommendation - 2010-08-27 10:13</h1>EURUSD&nbsp;Today we perceives some jumps toward 1.2780 or even 30 pips higher what should be read as a bear opportunity. Only decisive march above 1.2810 should reverse our strategy to more bullish. Moreover further fluctuation around 1.2700 is highly expected till the quotations are above 1.2650. However breaking that support may smoothly open a way toward 1.2430. USDCHF&nbsp;This pair is realizing downward scenario quite consequently setting new low every day what may be resulted in testing parity in the nearest few weeks. But before that the market has to break some supports around 1.0250 and the 100 pips lower. However Today any jump above 1.0250 shall be halted just around the resistance at 1.0270. Free marches even toward 1.0330 shall only confirm the current ruling sentiment but any journey above 1.0400 may open a way 200 pips higher. GBPUSD It is worthy to know that any incidental jump toward 1.5600 may easily add another 80 pips higher. Generally in line with yesterday prognosis in case firmly breaking 1.5500 another 100 pips shall be a matter of few hours and it was perfectly confirmed so what Today. Our daily recommendation perceives some short from 1.5540 with targets around yesterday resistance but today supports at 1.5490/60 EURJPYCurrently this pair has some difficulties with breaking the resistance at 108.10 what naturally may be resulted in falls even toward 107.00. Moreover breaking that lower level easily open a way for deeper 130 pips falls. In spite surviving this pair above 106.80 some bigger shorts shall be set not earlier than at 108.10 with possibility testing levels even 50 pips higher. 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.
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Daily commentary - 2010-08-27, 10:13

EURUSD

Today we perceives some jumps toward 1.2780 or even 30 pips higher what should be read as a bear opportunity. Only decisive march above 1.2810 should reverse our strategy to more bullish. Moreover further fluctuation around 1.2700 is highly expected till the quotations are above 1.2650. However breaking that support may smoothly open a way toward 1.2430.

USDCHF

This pair is realizing downward scenario quite consequently setting new low every day what may be resulted in testing parity in the nearest few weeks. But before that the market has to break some supports around 1.0250 and the 100 pips lower. However Today any jump above 1.0250 shall be halted just around the resistance at 1.0270. Free marches even toward 1.0330 shall only confirm the current ruling sentiment but any journey above 1.0400 may open a way 200 pips higher.

GBPUSD

It is worthy to know that any incidental jump toward 1.5600 may easily add another 80 pips higher. Generally in line with yesterday prognosis in case firmly breaking 1.5500 another 100 pips shall be a matter of few hours and it was perfectly confirmed so what Today. Our daily recommendation perceives some short from 1.5540 with targets around yesterday resistance but today supports at 1.5490/60

EURJPY

Currently this pair has some difficulties with breaking the resistance at 108.10 what naturally may be resulted in falls even toward 107.00. Moreover breaking that lower level easily open a way for deeper 130 pips falls. In spite surviving this pair above 106.80 some bigger shorts shall be set not earlier than at 108.10 with possibility testing levels even 50 pips higher.

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Daily commentary - 2010-08-27, 10:13

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