Majors Daily Forecast 23 February 2012

February 23, 2012 8:21 AM GMT

iFOREX

EUR/USD
Trading range: 1.3240 - 1.3345
Trend: Upward
Buy at 1.3254 SL 1.3222 TP 1.3331

USD/JPY
Trading range: 79.95 - 80.90
Trend: Upward
Buy at 80.07 SL 79.75 TP 80.79

GBP/USD
Trading range: 1.5710 - 1.5595
Trend: Downward
Sell at 1.5697 SL 1.5729 TP 1.5609

USD/CHF
Trading range: 0.9110 - 0.9005
Trend: Downward
Sell at 0.9096 SL 0.9128 TP 0.9012

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

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09:00 Germany IFO business climate index February 108.7 108.3
09:00 Italy Consumer confidence February 91.5 91.6
11:00 UK CBI industrial order books balance February -14% -16%
11:00 UK CBI industrial output balance February - +15%
13:30 USA Jobless claims week to 18.02 350K 348K
21:30 USA M2 money supply 13.02, bln - -7.4

*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 +90, total yesterday +108 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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