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BFI: Currency market commentary

05.09.2008 10:02 pi±tek

Good morning. With great pleasure we would like to present our currency market forecasts for today.

EURUSD
Until the pair stays above 1,4270, there is a chance for corrective gains to 1,4350. Breakdown at 1,4270 would lead to 1,4150.

USDCHF
We set range of trading 1,1080-1,1155. Rise above 1,1155 should reach 1,1230. Drop below 1,1080 will lead to 1,0990.

USDJPY
We expect a rise to 107,40 and afterwards the rate will continue its slide to 106,40 or even 105,60.

GBPUSD
Is seen in range 1,7560-1,7670. Upper limit should be used to open short positions with mid-term take profit order set around 1,7400.

For more comments and recommendations please visit our website www.bavariafund.com








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