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Keep Visiting Forexlearner for Latest Forex Daily Levels, Forex Live Rates, Forex Recommendations, Forex News*** "Headline News" October 05, 2007--- JAPAN ECON: Leading Index m/m 30.0% As Expected----

Currency
Long/Buy
Short/Sell
Target
Stop
Date
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FOREX SYGNALS SYSTEM

EURO

Latest trading recommendations 08.00 BST, 03.00 EST)  23-05-08 

Currency Date Time Strategy First Target Second target
EUR/US$ (buy) 22-05-08 13.00 Short term buy at 1.5635 1.5655 1.5675
EUR/US$ (sell) 23-05-08 08.00 Short-term, sell at 1.5810 1.5780 1.5750
US$/CHF (buy) 23-05-08 08.00 Short term, buy at 1.0255 1.0275 1.0295
US$/CHF (sell) 22-05-08 13.00 Short term, sell at 1.0395 1.0375 1.0355
AUD/US$ 21-05-08 13.00 Short term, sell at 0.9650 0.9620 0.9590
US$/CAD 21-05-08 13.00 Short term, buy at 0.9830 0.9850 0.9870
EUR/CHF 19-05-08 13.00 Short term, sell at 1.6350 1.6330 1.6310

(We suggest investors make their own stop-loss decisions. We will, however, assume that all trades have stop losses at 30 pips from entry unless we advise otherwise)

Pound

Latest short-term trading recommendations 08.00 BST, (03.00 EST)  23-05-08

Currency Date Time Strategy First target Second target
GBP/US$ (buy) 23-05-08 08.00 Short term buy at 1.9550 1.9580 1.9610
GBP/US$ (sell) 23-05-08 08.00 Short term sell at 1.9840 1.9815 1.9790
EUR/GBP (buy) 06-05-08 13.00 Short term, buy at 0.7810 0.7830 0.7850
EUR/GBP (sell) 23-05-08 08.00 Short term, sell at 0.8000 0.7980 0.7960
           

(We suggest investors make their own decisions on stop-loss positions. We will, however assume that all trades have stop losses at 30 points unless we advise otherwise)

Thursday, May 31, 2007

EUR/USD

The dollar advanced a little Vs the Eur on yesterday and the daily low has been set at 1.3406, not breaking the key support at 1.3410 yet. Support is currently noticed at 1.3410 backed by 1.3380 and 1.3350. Resistance emerges at 1.3440 followed by 1.3460, 1.3500 and 1.3520. Daily sentiment remains bearish, hourly momentum being slightly bullish at the time of this writing. The pair is closer and closer to the 1.33 area and it doesn't give any signs, yet, which may point our attention towards a potential Euro recovery. There are many important economic events during the upcoming trading sessions this week and we expect the pair to break the range of 1.3406-1.3520. If the dollar will resume its rise during the next hours, we will probably assist to a breakout which will accelerate the Euro decline towards the 1.3380 mark where an important fibonacci retracement is seen. Current quote is 1.3433 @ 06:04 GMT

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