Good morning. Herewith we would like to present our currency market forecasts for today.

EURUSD
Is seen in range 1,4310-1,4370. Upside rebound stands for a rise to 1,4450. Drops below 1,4310 will lead to 1,4250.

USDCHF
Falls to 1,1150 are possible and afterwards the rate may return to 1,1230. If the level of 1,1150 is permanently exceeded we expect a slide to 1,1080. Over there we suggest opening long positions.

USDJPY
There is a chance for a rise to 109,30 what should be followed by a drop to 108,40 or even lower to 107,70.

GBPUSD
After breach of morning lows the pair is heading towards 1,7730/40 area. Only rise above 1,7810 will make further gains possible and will lead above 1,7900.

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