Weekly Forex Market comment :

Discussion in 'Forex Trading' started by nico3725, May 6, 2003.

  1. EUR/USD.. .1.1215. As suggested in the last update, EUR has resumed its uptrend & should now target 1.1365/1.1425. Minor support is at 1.1065 & below that 1.0965 & 1.0930. Break below 1.0930 will warn about top is in.

    USD/CHF.. 1.3455. Dollar should target 1.3125/1.3060/1.2965 now. Resistances are at 1.3665 & 1.3785.

    USD/JPY..118.90. No change in view. Dollar 's bullish outlook is dampened a bit.It may trade in 117.60-120.85 range for some time.

    GBP/USD..1.6025.Break of resistance in 1.5835/85 area should help Cable try 1.6175/95 or 1.6245/75. Supports are at 1.5860 & 1.5785.

    Regards.