Monday, August 28, 2006

fx commentary

Hello Traders,

We had not any storm after Bernanke, simly He said nothing about future FED policy
USD was stronger but after huragan alert some traders closed their long usd positions ahead weekend

Today GBP markets was closed so we saw thin trade during european session..

EUR-USD - breaking minor resistance at 1,2775 ( now support ) and bace above 1,28 but failure 1,2820 pushed eur down again, now testing 1,2775 support area, flip-flop market but im still short...

USD-JPY - support near 116,80, if holds potential target 117,80 ( still below long term downtrend-line... )

im watching also usd-cad and gbp-usd at this moment

good luck

for more details:
wilpi@wp.pl

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