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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----

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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)

Tuesday, June 26, 2007

EUR/USD Analysis & Forecast

The Euro moved on a narrow range between the resistance at 1.3470 and the first support at 1.3435 on yesterday, closing the day slightly lower versus the dollar. Support is formed at 1.3435 backed by 1.3395 and 1.3370. Resistance emerges at 1.3470 followed by 1.3520 and 1.3550. Daily sentiment is bullish and remains intact while 1.3435-1.3440 holds, hourly momentum is neutral at the time of this writing but close o entering a bullish phase. The sideways trading may continue due to the lack of key economic events during the next trading sessions. A potential break of 1.3470 would support an Euro test of 1.3500-1.3520 later while on the other side, a break below the key daily support at 1.3435 would bring the lows of 1.34 and a potential slip below 1.3400 back on our attention. Looking on the longer time frame charts, a break of 1.3515 is needed to confirm a full recovery of the Euro which would be noticed on the weekly charts - 50 fib retracement of the 1.3680-1.3265 decline. Current quote is 1.3465 @ 06:05 GMT

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