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Waluty: Currency market commentary

18.11.2008 10:57 wtorek

Good morning. Here comes our daily commentary on the currency market situation.


EURUSD
Growths to 1,2680/90 should be used to open short positions - we expect falls to 1,2480 which may be deepened to 1,2370 later on. Return above 1,2770 will delay this scenario for  several dozen hours, however return to falls is inevitable.


GBPUSD
The rate remains in range 1,4940 – 1,5220. The upper levels of this area should be used to open short positions. Only the return above 1,5380 will cancel this scenario and initiate gains to 1,5500.


USDJPY
Range of trading 96,10 - 98,40.


USDCHF
Falls to 1,1900/10 should be used to open long positions. We expect dynamic rise to 1,2040 what should be followed by a rise to 1,2200 area.
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