BAVARIA FIRST INVESTMENT

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		<h1>Recommendation - 2010-09-01 11:07</h1>EURUSD&nbsp;Generally speaking we were a witness of firmly defense the support at 1.2660. Today our recommendation perceives setting some shorts around 1.2850 as this resistance became crucial in still possible march toward 1.3000. Otherwise any weakness of this pair at 1.2760 or already 30 pips lower means clear return toward targets around 1.2430. USDCHF&nbsp;Today we suggest opening short positions around 1.0150 as downward scenario is perfectly realized. Clearly meaning that the next pause in falls shall be not earlier than below 1.0100. Moreover after stop around that lower support the straight way toward 1.000 is at horizon. GBPUSD It is worthy to know that any incidental jump toward 1.5440 may easily add another 40 pips higher. Generally in line with yesterday prognosis in case firmly breaking 1.5560 another 100 pips shall be a matter of few hours. Our daily recommendation perceives some short from 1.5450 with targets around at 1.5400. EURJPY&nbsp;Currently this pair has some difficulties with breaking the support at 106.30 what naturally may be resulted in jump even toward 108.30. Moreover breaking that higher level easily open a way for higher 120 pips march. In spite surviving this pair above 106.80 some bigger shorts shall be set not earlier than at 108.20 with possibility testing levels even 150 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 - 2010-09-01, 11:07

EURUSD

Generally speaking we were a witness of firmly defense the support at 1.2660. Today our recommendation perceives setting some shorts around 1.2850 as this resistance became crucial in still possible march toward 1.3000. Otherwise any weakness of this pair at 1.2760 or already 30 pips lower means clear return toward targets around 1.2430.

USDCHF

Today we suggest opening short positions around 1.0150 as downward scenario is perfectly realized. Clearly meaning that the next pause in falls shall be not earlier than below 1.0100. Moreover after stop around that lower support the straight way toward 1.000 is at horizon.

GBPUSD

It is worthy to know that any incidental jump toward 1.5440 may easily add another 40 pips higher. Generally in line with yesterday prognosis in case firmly breaking 1.5560 another 100 pips shall be a matter of few hours. Our daily recommendation perceives some short from 1.5450 with targets around at 1.5400.

EURJPY

Currently this pair has some difficulties with breaking the support at 106.30 what naturally may be resulted in jump even toward 108.30. Moreover breaking that higher level easily open a way for higher 120 pips march. In spite surviving this pair above 106.80 some bigger shorts shall be set not earlier than at 108.20 with possibility testing levels even 150 pips higher.

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Daily commentary - 2010-09-01, 11:07

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