Thursday, July 29, 2010 12:34 CET
Intraday Market Outlook for Day Traders
EUR/USD
In another lift in the European morning hours, the pair is trading right now at its highs so far today, at 1.3080. We see another consolidation on high levels setting in in today's further market development, touching upper levels near or slightly above 1.3100 and lower marks not below 1.3045.
GBP/USD
Cable is slowly continuing its rise in early European morning trading, currently at 1.5631. We expect some more strength, touching the 1.5690 mark, and then see some weakness towards 1.5585.
USD/CHF
The weaker dollar this European morning is currently trading at 1.0467 against the Swiss franc. Lower levels around 1.0460 are possible today, while we see the upside limited at 1.0540.
USD/JPY
Currently at 87.08 against the yen, the dollar continued its downtrend in early European trading and is targeted slightly below 86.90 today, in our view, from where we see a bidding market emerging, up to 87.80.
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MARKET ANALYSES
Thursday, July 29, 2010 12:34 CET
Intraday Market Outlook for Day Traders
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