Tuesday, March 09, 2010 12:21 CET
Intraday Market Outlook for Day Traders
EUR/ USD
The pair is continuing to lose ground this European morning, trading at 1.3595 right now. Around these prices, we expect some recovery, to 1.3630. Later renewed selling would bring the market down to 1.3540.
GBP / USD
The established downtrend brought dable to the current 1.4960, near today's lows so far in the European morning. A sideward trend is now most probable, with an upper limit near 1.5000, before we expect another bout of weakness, leading to 1.4850.
USD / CHF
The bidding for the dollar is continuing in the early European market, to the current 1.0760 against the Swiss franc. We reckon with a pause soon, and the market correcting back to 1.0730, from where we expect renewed buying up to the 1.0820 mark.
USD / JPY
The dollar has met a selling market against the yen in Asian trading and continues to lose ground this European morning, currently trading at 89.75. We expect recovery from the 89.55 level, leading to prices around 90.20.
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