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Waluty: Currency market commentary
30.06.2009 10:32 wtorekEURUSD
For Today We recommend taking longs from 1,4070 as correction downward movement is highly probable especially after rally up to 1,4150. Rebound from 1,4070 shall drive this currency rate up to 1,4240. Currently We are dealing with strong upward trend with approximately destination 1,4700. In case breaking a significant support at 1,4010 a deeper declines may reach a lower band of the range 1,3830 – 1,4130.
GBPUSD
Right now the market is creating a strong upward trend with possibly destination much above 1,70.As long as the quotations are above 1,6600 the upward movement is not in danger. So Today correction declines shall be used for longs from 1,6660 or even 1,6610.Firstly targeting at 1,6740 and then 1,6820. The key level deciding about further gains shall be tested at 1,6950.
USDCHF
This pair is continuing the downward movement with a final target at 1,0660 but upward correction from 1,0750 is highly possible.
EURJPY
This pair is strictly expected to go up even to 141,00 in mid-term so any downward correction slides shall be used for longs. Currently declines to 133,30 shall be treated as an opportunity for robust rebound to 138,00 at least. On the other hand, stronger declines below 131,00 may boost further strengthening of a yen down to 126,00.
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