BAVARIA FIRST INVESTMENT

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		<h1>Recommendation - 2010-08-30 11:42</h1>EURUSDToday this currency cross is expected to be curbed between bands at 1.2680 and 1.2760 generally due to quite flat trading on UK bank holiday. So definitely speaking some shorts at higher resistance should be set. Moreover as long as this pair is fluctuating above 1.2660 any attack on 1.2820 is highly expected. &nbsp;USDCHFThis pair is realizing correction rebound quite consequently from the support at 1.0220. However Today any slide toward 1.0260 shall be used as a perfect purchasing opportunity halted just around the resistance at 1.0300 and then 30 pips higher. 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. GBPUSDIt is worthy to know that any incidental jump toward 1.5600 may easily add another 180 pips higher. Generally in line with last week prognosis in case firmly breaking 1.5500 another 100 pips shall be a matter of few hours. Our daily recommendation perceives some short from 1.5570 with targets around at 1.5520. EURJPYCurrently this pair has some difficulties with breaking the resistance at 109.50 what naturally may be resulted in falls even toward 107.40. Moreover breaking that lower level easily open a way for deeper 170 pips falls. In spite surviving this pair above 106.80 some bigger shorts shall be set not earlier than at 108.40 with possibility testing levels even 100 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 - 2010-08-30, 11:42

EURUSD

Today this currency cross is expected to be curbed between bands at 1.2680 and 1.2760 generally due to quite flat trading on UK bank holiday. So definitely speaking some shorts at higher resistance should be set. Moreover as long as this pair is fluctuating above 1.2660 any attack on 1.2820 is highly expected.

USDCHF

This pair is realizing correction rebound quite consequently from the support at 1.0220. However Today any slide toward 1.0260 shall be used as a perfect purchasing opportunity halted just around the resistance at 1.0300 and then 30 pips higher. 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 180 pips higher. Generally in line with last week prognosis in case firmly breaking 1.5500 another 100 pips shall be a matter of few hours. Our daily recommendation perceives some short from 1.5570 with targets around at 1.5520.

EURJPY

Currently this pair has some difficulties with breaking the resistance at 109.50 what naturally may be resulted in falls even toward 107.40. Moreover breaking that lower level easily open a way for deeper 170 pips falls. In spite surviving this pair above 106.80 some bigger shorts shall be set not earlier than at 108.40 with possibility testing levels even 100 pips higher.

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Daily commentary - 2010-08-30, 11:42

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