FX - EURO
THE EURO closed higher on Wednesday and the lowrange close
sets the stage for a steady opening on Thursday. Stochastics and the RSI remain
neutral to bullish signalling that sideways to higher prices are possible
nearterm. If it extends the aforementioned decline,monthly support crossing is
the next downside target. Closes below the 20day moving average crossing would
confirm that a shortterm top has been posted.
FX - YEN
THE YEN closed lower on Wednesday and the highrange close
sets the stage for a steady to higher opening when Thursday's night session
begins trading. Stochastics and the RSI are neutral to bullish signalling that
additional strength is possible nearterm. If it extends the rally off
November's low, monthly resistance crossing is the next upside target. Closes
below the 20day moving average crossing are needed to confirm that a shortterm
high has been posted.
FX - SWISS FRANC
THE SWISS FRANC closed lower on Wednesday and the highrange
close sets the stage for a steady to higher opening when Thursday's night
session begins trading. Stochastics and the RSI are bullish signalling that
sideways to higher prices are possible nearterm. If it extends aforementioned
rally, monthly resistance crossing is the next upside target. Closes above the
20day moving average crossing would confirm that a shortterm low has been
posted.
FX - STERLING
STERLING closed higher on Wednesday . The highrange close
sets the stage for a steady opening when Thursday's night session begins
trading. Stochastics and the RSI are bearish signalling that sideways to lower
prices are possible nearterm. If it renews the decline off July's high, monthly
support crossing is the next downside target. Closes below the 20day moving
average crossing are needed to confirm that a shortterm top has been posted.
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