Daily Market Comment - 21 November 2007

Daily Market Comment

EUR-USD	1.4839. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.4892 or 1.4992 if support around 1.4776 hold. After which a pullback to 1.4776 - 1.4738 zone is possible.
USD-CHF	1.1058. Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.1018 or 1.1017. Major support is clustered around 1.0946 limit.
USD-JPY	109.97. It is likely to fall towards 108.95 unless a corrective rally breaks the 110.28 resistance. Stop above 110.53 zone.
GBP-USD	2.0666. Uptrend is still intact in a triangle configuration. It should continue to rally to 2.0678 or 2.0829 if support around 2.0602 hold. After which a pullback to 2.0602 - 2.0561 zone is possible.
EUR-CHF	1.6410. It should trade higher to 1.6445 while 1.6394 or 1.6377 offers support. Stop loss below 1.6359 zone.
EUR-JPY	163.21. It should trade higher to 164.26 while 162.35 or 161.83 offers support. Stop loss below 161.31 zone.
EUR-GBP	0.7180. If market stays below 0.7181 a fall to 0.7160 is expected. If market breaks the keypoint 0.7195 it could reach the sky.
AUD-USD	0.8925. It may attempt a test higher to 0.8929 after which weakness may set it to a drift down to below 0.8812 limit.
USD-CAD	0.9793. While above 0.9769 - 0.9737 zone a corrective dip could test 0.9800 or 0.9829 or 0.9857. After which it should resume his downtrend.

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