Weekly Forex Market comment :

Discussion in 'Forex Trading' started by nico3725, Jun 16, 2003.

  1. EUR/USD.. .1.1870. The correction most likely has ended last week & resumption of uptrend in EUR should target 1.1965 , 1.2025/50 or 1.2200++.Supports are at 1.1730 , 1.1665 & 1.1625.

    USD/CHF.. 1.2985. Dollar has mostly finished the correction & should aim for 1.2770/1.2670 now. Resistances are at 1.3195 ,1.3250/75 & 1.3375.

    USD/JPY..117.55. Dollar is stuck to recent ranges & break of either side is needed to gauge the direction & intensity of the move.

    GBP/USD..1.6825.Cable's rally should hit 1.6865/1.6910 or 1.7020. Supports are at 1.6710, 1.6635 & 1.6550.

    Regards.

    Source : http://www.realtimeforex.com/