Tuesday April 5, 2005 - 08:18:40 GMT
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ACM REFCO - www.ac-markets.com
Forex market outlook and key levels
EURO/DOLLAR: Favoring the euro to break $1.27 still for $1.20/1.17.
DOLLAR/YEN: (Favoring) yen above 108.20 yen now with 110 in the sights, 115 later on?
EURO/STERLING: Cracking key support at 68.40 pence triggers the head and shoulders pattern (see below) with 66.00 targeted still.
EURO/DOLLAR: Remains vulnerable below $1.3065, with the focus on weakness towards $1.2730 support.
DOLLAR/SWISS: Recovery defines 1.1885 low, with 1.2085 break exposing pivotal 1.2264 resistance.
STERLING/DOLLAR: $1.85952/$1.8979 break needed for next directional move within broader $1.8508/$1.9327 range.
DOLLAR/YEN: Positive above 106.64 yen, with potential for a climb towards 108.80 and potentially 110.00.
EURO/SWISS: 1.5477/1.5570 break needed for fresh inspiration within broader 1.5340/1.5637 range extremes.
EURO/YEN: "38.29 yen and 139.47 define short-term directional triggers within 137.32-140.76 parameters.
EURO/STERLING: Immediate downside pressure while below 68.85 with break of key 68.47 exposing 67.59.
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