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EUR: .9375/0.
The EURO correction is
still in place and should continue for most the week. On a
termination, which we think should take place under .9400, the dip
should start again. Stand aside till the process is still on. Over
.9420 (close) this view would abort.
JPY:
106.50/60.
The support here at
106.30/50 should hold for the next part of the upswing soon towards
107.75 and higher.Below a 106.30 close square all longs and stay
short.
GBP: 1.5010/20.
The GBP is slowly
correcting the cataclysmic fall of the last two weeks. This should
continue to 1.5100 at best before new selling is seen. Above a 1.5200
close stay long.
CHF:
1.6775/80.
The strong support for
the CHF is at 1.6700, which should hold for a new upswing. If however
this support is broken the fall from here could be quite steep. Keep
stops for the range below 1.6700 (close).
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