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Waluty: Currency market commentary

01.07.2009 10:54 ¶roda

EURUSD

As this currency pair touched 1,4150 yesterday and quickly came back to 1,4100 We are currently accounting for jump from 1,4030 or even 1,4010  where longs shall be opened with a targets  at 1,4080 and second profit taking at 1,4110. Still upward march to 1,4720 is likely to be kept.

GBPUSD

This pair is traded near a significant support at 1,6380 breaking this level may lead down to 1,6240.For today We suggest opening longs at 1,6400 and 1,6380 with a target at 1,6450 or 1,6500. This bullish strategy shall be revised in case breaking resistance  at 1,6380 what shall be read as beginning of next downward wave reaching 1,6000.

USDCHF

Currently We should used some significant resistances for opening shorts on this currency cross  at 1,0860 and to close positions at 1,0790 and 1,0750. Breaking 1,0910 may lead this pair up to 1,1010 or even 100 pips higher.

EURJPY

This pair is likely to move up to 141,00 but firstly some hard resistances shall be broken at 136,6 and 137,4 and finally 138,4.

For today We consider 135,6  as good level for longs with a target at 136,6 and 137,4. Breaking support at 135,00 may boost further declines even toward 132,00.

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