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Forex Updates: 22 July 2010
The Euro (1.2768) continuing its downmove and might dip further towards 1.2700-2680 today. Resistance is seen in 1.2830-50 region. Dollar-Yen (86.46) has come off from yesterday's high of 87.43 and might test the Support in 86.15-00 region today.
A strong break below 86 might pull it further down towards 85. Euro-Yen Cross (110.42) is keeping up its overall bearish sentiment intact and might dip towards 109 today.
Dollar-Swiss has been unable to break above the important Resistance at 1.0550 this week and we may now see it go down towards 1.0450-25 today.
Aussie has again come to trade below the important Resistance level of 0.8800 and we see good chances of the pair fall towards 0.8700-675 over today and tomorrow.
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