Majors Daily Forecast 6 February 2012

February 6, 2012 8:07 AM GMT

iFOREX

EUR/USD
Trading range: 1.3110 - 1.3005
Trend: Downward
Sell at 1.3096 SL 1.3128 TP 1.3019

USD/JPY
Trading range: 76.90 - 76.00
Trend: Downward
Sell at 76.80 SL 77.12 TP 76.08

GBP/USD
Trading range: 1.5795 - 1.5685
Trend: Downward
Sell at 1.5784 SL 1.5816 TP 1.5696

USD/CHF
Trading range: 0.9200 - 0.9305
Trend: Upward
Buy at 0.9211 SL 0.9179 TP 0.9295

Today's Economic Calendar:
Time GMT, Country, Indicator, Forecast, Prior

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New Zealand Waitangi day
11:00 Germany Manufacturing orders December seasonally adjusted 1.0% -4.8%
11:00 Germany Manufacturing orders December not seasonally adjusted, workday adjusted Y/Y -0.8%-4.3%

*Please note that the daily forecast is sent on time to subscribers only, who receive also updates, evening forecast, news and real time trading signals, from which we have made today so far +56, total on Friday +142 pips, as shown at our web site.

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News From Forex

EUR/USD Weekly Outlook

EUR/USD's decline extended further as expected as reached as low as 1.2496. The break of 1.2625 confirmed resumption of whole fall from 1.4939. Initial bias remains on the downside this week.

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