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Thursday, June 4, 2009

EUR/USD
It is more likely to go up to around 1.4250 or higher, and before it is go up, it have a potential to go down first to around 1.4060. BUT if it is still continue to go down and break 1.3950 it will bearish. We suggest to wait and see until it reach the bottom price (usually after news), and then entry Buy. Because overall the structure actually is still Bullish. For alternative, you can use a breakout strategy too.
(Current Price: 1.4180)

GBP/USD
It is more likely to go up to around 1.6450 or higher, but before it is go up, it have a potential to go down first to around 1.6150.
(Current Price: 1.6305)

AUD/USD
We don’t have any recommendation for today, but we see that AUD/USD will move like EUR/USD. Better not to trade in AUD/USD for today.
(Current Price: 0.8010)

USD/JPY
It is more likely to go up to to around 96.50 or higher. But USD/JPY have a potential to move zig zag too. Better not to trade for today.
(Current Price: 96.08)

USD/CHF
It is more likely to go down to around 1.0620, and before it is go down, it have a potential to go up first to around 1.0750, BUT if it is still go up and break 1.0830 it will bullish. The movement of USD/CHF is looks like the opposite of EUR/USD.
(Current Price: 1.0684)

Pay attention for important news :

15:00 GBP
16:00 EUR
18:00 GBP (becareful of its interest rate statement news)
18:45 EUR (becareful of its interest rate statement news)
19:05 USD
19:30 USD, EUR
19:45 USD

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