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TECHNICALS−Euro eyes $1.2706 − UBS

Thu, Feb 5 2009, 11:02 GMT
by Benny Menashe

Finotec Group Inc.


UBS

EUR/USD: "EURUSD eyes $1.2706. Vulnerable beneath $1.3071, with focus on $1.2707."

USD/JPY: "While 91.30 yen holds, our focus remains on support at 87.99 yen ahead of the 87.13 trend low. Initial resistance at 90.75."

USD/CHF: "Pivotal 1.1315 franc support holds, keeping bullish pattern alive - targeting 1.1685 and 1.1715."

EUR/GBP: "Bearish near-term below 90.84 pence, targeting 87.88."

GBP/USD: "Constructive near-term above $1.4052, with our focus on $1.4660, the 61.8 percent retracement."

EUR/JPY: "Heavy near-term below 117.02 yen, with focus on 113.15 then 112.10."

EUR/CHF: "Immediate heavy tone dominates below 1.4993 franc, with loss of 1.4811 likely to expose 1.4734 then 1.4653."


Finotec  | Global financial trading center, 1 Grivas Digheni and Chrysanthou, 3035 Mylona P.O.B 58007, Limassol
http://www.finotec.com/ | support@finotec.com

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