FX Thoughts for the day : 09-Mar-2010 – 1430 GMT EURO, JAP YEN and EURO-YEN ————————— Read our current comments and trade recommendations on EUR-USD, USD-JPY and EUR-JPY by registering at http://www.kshitij.com/fxthoughts/fxthoughts.shtml#register Our comments on Dollar-Swiss, Sterling Pound and Australian Dollar are given below ————————————————————- USD-CHF @ 1.0783/86…100 Week MA Resistance at 1.0851 R: 1.0802 / 1.0830-51 / 1.0886
EUR/USD Extends decline, after an upside attempt stalled at 1.3703 yesterday, to reach 1.3536 low thus far, just ahead of 1.3529, last Friday’s low, break of which will re-focus 1.3433 key support. However, the pair remains in a 1.3433/1.3735 range, with break of either side to establish the direction. Res: 1.3605, 1.3640, 1.3690, 1.3703 Sup: 1.3529, 1.3485, 1.3443, 1.3433 GBP/USD Yesterday’s rejection at 1.5194 has signaled the completion of the first corrective leg off 1.4780 low, with