Monday December 5, 2005 EUR-USD 1.1717. Market should hold major support at 1.1635 before rising towards 1.1758 or even 1.1800 limit. USD-CHF 1.3168. It looks more likely that it would rise to above 1.3201 or 1.3220 from 1.3156 or 1.3130. After which a downside move to below 1.3091 is expected. USD-JPY 120.52. There are initial signs of a good corrective recovery towards 120.88 or even 121.11. Supports at 120.36 and 120.07 zone. GBP-USD 1.7332. A corrective/consolidation activity between 1.7261 and 1.7369 is likely for a while. EUR-CHF 1.5431. It may meet resistance in 1.5431 - 1.5442 zone for a drift down to 1.5397 zone, after which bounce to 1.5450 is anticipated. EUR-JPY 141.20. One more dip to 140.69 or 140.19 is likely followed by a grind higher to above 141.48 or 142.27. After which it can resume its downtrend. EUR-GBP 0.6760. It may meet resistance in 0.676 - 0.6764 zone for a drift down to 0.6748 zone, after which bounce to 0.6771 is anticipated. AUD-USD 0.7488. Uptrend is still intact in a triangle configuration. It should continue to rally to 0.7539 or 0.7539 if support around 0.7465 hold. After which a pullback to 0.7465 - 0.7453 zone is possible. USD-CAD 1.1611. It might hold above 1.1608 or 1.1586 for a rise towards above 1.1655. Stop loss below 1.1586 zone.
Tuesday December 6, 2005 EUR-USD 1.1788. A corrective/consolidation activity between 1.1712 and 1.1895 is likely for a while. USD-CHF 1.3070. Market should meet resistance at 1.3106. We expect then an extended move down to 1.3040 -1.2963 area. USD-JPY 120.81. Preferred view is for a fall to below 120.55 while 120.81 - 120.97 area resists. A clear break of 121.23 would be bullish. GBP-USD 1.7422. A corrective/consolidation activity between 1.7315 and 1.755 is likely for a while. EUR-CHF 1.5407. We prefer to see an attempt to below 1.5390 or below 1.5373 in extension. A clear break of 1.5432 is bullish. EUR-JPY 142.41. While below 142.86 it is more likely to fall further towards 142.02 or 141.79. Premature rise above 142.86 could see it rising above 143.32 zone. EUR-GBP 0.6766. One more dip to 0.6753 or 0.6741 is likely followed by a grind higher to above 0.6773 or 0.6793. After which it can resume its downtrend. AUD-USD 0.7488. Uptrend is still intact in a triangle configuration. It should continue to rally to 0.7539 or 0.7539 if support around 0.7465 hold. After which a pullback to 0.7465 - 0.7453 zone is possible. USD-CAD 1.1611. It might hold above 1.1608 or 1.1586 for a rise towards above 1.1655. Stop loss below 1.1586 zone.
Wednesday December 7, 2005 EUR-USD 1.1788. A corrective/consolidation activity between 1.1712 and 1.1895 is likely for a while. USD-CHF 1.3070. Market should meet resistance at 1.3106. We expect then an extended move down to 1.3040 -1.2963 area. USD-JPY 120.81. Preferred view is for a fall to below 120.55 while 120.81 - 120.97 area resists. A clear break of 121.23 would be bullish. GBP-USD 1.7422. A corrective/consolidation activity between 1.7315 and 1.7550 is likely for a while. EUR-CHF 1.5407. We prefer to see an attempt to below 1.539 or below 1.5373 in extension. A clear break of 1.5432 is bullish. EUR-JPY 142.41. While below 142.86 it is more likely to fall further towards 142.02 or 141.79. Premature rise above 142.86 could see it rising above 143.32 zone. EUR-GBP 0.6766. One more dip to 0.6753 or 0.6741 is likely followed by a grind higher to above 0.6773 or 0.6793. After which it can resume its downtrend. AUD-USD 0.7515. Uptrend is still intact in a triangle configuration. It should continue to rally to 0.7546 or 0.7574 if support around 0.7498 hold. After which a pullback to 0.7498 - 0.7483 zone is possible. USD-CAD 1.1573. Current fall is near an end of wave around 1.1515 - 1.1544 zone, a rally should then procede to above 1.1600 or 1.1616. Fall below 1.1506 would cancel this scenario.
Thursday December 8, 2005 EUR-USD 1.1725. Market should meet resistance at 1.1744. We expect then an extended move down to 1.1703 -1.1669 area. USD-CHF 1.3133. Current rise seems to be over near 1.3147 or 1.3181 for a retracement towards 1.3112 - 1.3088 area. USD-JPY 121.02. Market looks set for gains towards 121.27 or above in extension. Dips should find support at 120.92 - 120.80 zone. GBP-USD 1.7354. It is likely to fall towards 1.7287 as its corrective rally could falter in 1.7392 - 1.7359 area. Stop above 1.7425 zone. EUR-CHF 1.5398. One more dip to 1.5389 or 1.5379 is likely followed by a grind higher to above 1.5403 or 1.5417. After which it can resume its downtrend. EUR-JPY 141.90. It is likely to fall towards 141.45 as its corrective rally could falter in 142.23 - 142.01 area. Stop above 142.45 zone. EUR-GBP 0.6756. Preferred outlook is for a drift down to below 0.6735. Resistances are at 0.6756 and 0.6762. A rise above 0.6773 would delay but not abort this expected fall. AUD-USD 0.7476. Market should meet resistance at 0.7490. We expect then an extended move down to 0.7455 -0.7435 area. USD-CAD 1.1598. Resistances lie around 1.1620 and 1.1678. It should test lower towards 1.1561 zone. A clear break of 1.1589 would be bearish.
Friday December 9, 2005 EUR-USD 1.1818. A corrective/consolidation activity between 1.1732 and 1.1935 is likely for a while. USD-CHF 1.3000. Current fall seems to be over near 1.2984 or 1.2928 for a rebound towards 1.3040 - 1.3076 area. USD-JPY 120.33. It should see a sell off to below 119.82 while 120.48 area curtails its upside. A break beyond 121.00 will abort the downside. GBP-USD 1.7526. Current rise seems to be over near 1.7543 or 1.7616 for a retracement towards 1.7470 - 1.7425 area. EUR-CHF 1.5364. We prefer to see an attempt to below 1.535 or below 1.5335 in extension. A clear break of 1.5383 is bullish. EUR-JPY 142.20. It looks set for gains to above 142.76. Supports at 141.75 and 142.03. A break of 141.48 will damage this bullish structure. EUR-GBP 0.6743. It should see a sell off to below 0.6728 while 0.6748 area curtails its upside. A break beyond 0.6764 will abort the downside. AUD-USD 0.7495. It may attempt a test higher to 0.7506 - 0.7527 after which weakness may set it to a drift down to below 0.7453 limit. USD-CAD 1.1587. Preferred outlook is for a drift down to below 1.1539. Resistances are at 1.1587 and 1.1596. A rise above 1.1620 would delay but not abort this expected fall.
Monday December 12, 2005 EUR-USD 1.1814. Current upmove should continue up to 1.1846 or 1.1878. Any correction should find support in 1.1806 - 1.1790 zone.A break above1.1847 could accelerate the move up. USD-CHF 1.3029. It is likely to attempt to below 1.2956 while below 1.3029 - 1.3031 area. Rise above 1.3067 would dampen this bearish expectation. USD-JPY 120.63. It may attempt a test higher to 120.70 after which weakness may set it to a drift down to below 120.36 limit. GBP-USD 1.7548. A correction down to 1.7485 or lower is now expected from 1.7557 or 1.7588. A break above 1.7629 is needed to turn bullish. EUR-CHF 1.5394. It should trade higher to 1.5413 while 1.5386 or 1.5377 offers support. Stop loss below 1.5368 zone. EUR-JPY 142.51. A corrective/consolidation activity between 141.96 and 143.22 is likely for a while. EUR-GBP 0.6732. Current fall is near an end of wave around 0.6716 - 0.6725 zone, a rally should then procede to above 0.6739 or 0.6744. Fall below 0.6713 would cancel this scenario. AUD-USD 0.7504. Our preferred view is for a drift down to 0.7490 or below 0.7476. Resistances is at 0.7495. A rise above 0.7521 would delay but not abort this expected fall. USD-CAD 1.1572. Our preferred outlook is for a drift down to 1.1551 or below 1.1531. Resistances are at 1.1572 and 1.1583. A rise above 1.1603 would delay but not abort this expected fall.
Tuesday December 13, 2005 EUR-USD 1.1954. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.1991 or 1.2110 if support around 1.1905 hold. After which a pullback to 1.1905 - 1.1866 zone is possible. USD-CHF 1.2900. Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.2871 or 1.2819. Major support is clustered around 1.2776 limit. USD-JPY 119.78. There is bearish potential for a fall to 119.18 or 118.58 while 120.42 - 120.72 resist. After this fall a recovery up to 120.42 or 120.72 is expected. GBP-USD 1.7761. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.7801 or 1.7955 if support around 1.7676 hold. After which a pullback to 1.7676 - 1.7628 zone is possible. EUR-CHF 1.5420. Current rise seems to be over near 1.5425 or 1.5440 for a retracement towards 1.5409 - 1.5400 area. EUR-JPY 143.16. Current upmove should be ended around 143.77 - 144.38. Any correction consolidation should find support in 143.00 - 142.70 zone. EUR-GBP 0.6730. Preferred outlook is for a drift down to below 0.6703. Resistances are at 0.6730 and 0.6735. A rise above 0.6748 would delay but not abort this expected fall. AUD-USD 0.7554. Uptrend is still intact in a triangle configuration. It should continue to rally to 0.7567 or 0.7620 if support around 0.7534 hold. After which a pullback to 0.7534 - 0.7518 zone is possible. USD-CAD 1.1511. Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.1488 or 1.1478. Major support is clustered around 1.1443 limit.
Wednesday December 14, 2005 EUR-USD 1.1945. A corrective rise should ideally test 1.1986 or even higher than 1.2027. Supports are at 1.1942. Stop loss below 1.1865 zone. USD-CHF 1.2930. It should test 1.2957 area after which a sell off down to 1.2876 or extended to 1.2822 area is expected. USD-JPY 119.95. It should see a sell off to below 119.57 while 120.21 area curtails its upside. A break beyond 120.40 will abort the downside. GBP-USD 1.7703. There are initial signs of a good corrective recovery towards 1.7742 or even 1.7771. Supports at 1.7679 and 1.7645 zone. EUR-CHF 1.5445. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5468 or 1.5494 if support around 1.5436 hold. After which a pullback to 1.5436 - 1.5424 zone is possible. EUR-JPY 143.27. Our preferred view is for a drift down to 143.06 or below 142.85. Resistances is at 143.12. A rise above 143.53 would delay but not abort this expected fall. EUR-GBP 0.6747. It should find support in 0.673 - 0.6713 area for a rally to 0.6777. Unexpected fall below 0.6713 will dent this bullish view. AUD-USD 0.7544. There are initial signs of a good corrective recovery towards 0.7557 or even 0.7568. Supports at 0.7535 and 0.7523 zone. USD-CAD 1.1500. Current fall is near an end of wave around 1.1471 - 1.1474 zone, a rally should then procede to above 1.1519 or 1.1529. Fall below 1.1459 would cancel this scenario.
Thursday December 15, 2005 EUR-USD 1.2001. While below 1.2064 it is more likely to fall further towards 1.1967 or 1.1935 level. USD-CHF 1.2819. Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.2773 or 1.2748. Major support is clustered around 1.2737 limit. USD-JPY 117.39. Overall structure is bearish. Decelerating momentum could attract it towards supports at 116.23 or 116.00. Major support is clustered around 115.25 limit. GBP-USD 1.7730. While below 1.7741 - 1.7770 it might drop to 1.7673 or below 1.7615 zone. EUR-CHF 1.5383. Our preferred outlook is for a drift down to 1.5358 or below 1.5332. Resistances are at 1.5383 and 1.5406. A rise above 1.5432 would delay but not abort this expected fall. EUR-JPY 140.86. Market should meet resistance at 141.53. We expect then an extended move down to 139.72 -138.86 area. EUR-GBP 0.6768. There are initial signs of a good corrective recovery towards 0.6793 or even 0.6817. Supports at 0.6756 and 0.6744 zone. AUD-USD 0.7548. It is a triangle configuration . Market should break either side.Acceleration should occur above 0.7579 or under 0.7521 limits. USD-CAD 1.1519. It may attempt a test higher to 1.1526 after which weakness may set it to a drift down to below 1.1453 limit.
Friday December 16, 2005 EUR-USD 1.1980. Current move should be supported in 1.1958 zone for a rise to above 1.2088. A break below 1.1882 opens the way down. USD-CHF 1.2890. It should be subject to more sell off towards 1.2818 or 1.2745. Corrective upward swings should face resistance around 1.2958 area. A break of 1.2964 is bullish. USD-JPY 116.21. It may meet resistance in 116.21 - 116.58 zone for a drift down to 115.11 zone, after which bounce to 116.95 is anticipated. GBP-USD 1.7652. It should see a sell off to below 1.7595 while 1.7670 area curtails its upside. A break beyond 1.7727 will abort the downside. EUR-CHF 1.5442. It should be subject to more sell off towards 1.5397 or 1.5352. Corrective upward swings should face resistance around 1.5508 area. A break of 1.5476 is bullish. EUR-JPY 139.20. It may meet resistance in 139.20 - 139.77 zone for a drift down to 137.48 zone, after which bounce to 140.17 is anticipated. EUR-GBP 0.6786. Uptrend is still intact in a triangle configuration. It should continue to rally to 0.6801 or 0.6813 if support around 0.6778 hold. After which a pullback to 0.6778 - 0.6772 zone is possible. AUD-USD 0.7484. Market should meet resistance at 0.7501. We expect then an extended move down to 0.7453 -0.7432 area. USD-CAD 1.1583. A correction down to 1.1523 or lower is now expected from 1.1599 or 1.1629. A break above 1.1674 is needed to turn bullish.