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Old 03-06-2003, 03:02   #1
nico3725
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Join Date: Apr 2002
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Weekly Forex Market comment :

EUR/USD.. .1.1785. EUR' correction is continuing between 1.1665 & 1.1930 & may take a triangle shape. Supports are at 1.1730, 1.1665 & 1.1615.Expect a failed 5th wave of big wave 3 to about 1.1945/70 now, after which a decent down retracement is anticipated.

USD/CHF.. 1.2970. Dollar met our target near 1.2775.Correction is continuing & a push down to 1.2725/1.2675 is expected after this correction. Resistances are at 1.3075/1.3115, 1.3275 & 1.3375.

USD/JPY..119.20. Break above 117.80 turned the picture positive for Dollar & it may test 119.75/120.10 now. Break above this area may help it test 121.10/25 also.Supports are at 118.25 & 117.85/65.

GBP/USD..1.6355.Cable can try 1.6585/1.6515 or 1.6655..Supports are at 1.6120 & 1.6050/00. Minor supports ahead of these are at 1.6300 & 1.6260.

Regards.

Realtime Forex offers 24 hour online currency trading on live market prices using its proprietary software RF2000. Realtime Forex's forex trading service also includes free charts, market news, daily market comments and analysis.
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