EUR-USD @ 1.4354/58...Attempting rise above 55-MA on 1H.

R: 1.4421 / 1.4508
S: 1.4269 / 1.4218-4192 / 1.4036

The Euro seems to be breaking above the 55-MA on the hourly which has been pressing the pair lower over the last several days. If successful the pair may see some decent corrective rise which it has not seen after the sharp fall over the last three weeks. If so, the pair may rise towards 1.45 over the course of the week. Else, on the downside, it has 200-DMA Support at 1.4192. The Projected Max High and Low fo rthe day is at 1.4421 and 1.4218 respectively.


USD-JPY @ 90.44/47...Might test the Resistance region 91.00-20

R: 91.00-20 / 91.40 / 92.20-30
S: 90.20-05 / 89.80 / 89.20-00

Dollar-Yen is continuing to trade above 90 and is trading silent in a narrow range of 90.20-60. The 100-DAM (currently at 90.99) and the 21-Week MA (currently at 91.08) are the significant Resistance levels to be watched for. We may expect a test of these Resistance levels in the US session today. The broader picture continue to remain bearish and we may expect this Resistance to hold in the US session today. However, a strong break above 91.20 might increase the chances of a further rise towards 92.30-50 or even higher. A strong break

On the downside Support is seen at 89.80. A break below this Support might pull it down towards 89.20-00.


EUR-JPY @ 129.77/79...May rise towards 132.50 this week

R: 129.79-90 / 130.40-63 / 130.97
S: 128.19-127.96 / 125.72

The Cross has traded very ranged through the day. It may during the US session attempt a rise towards 130.60. As mentioned in the morning, the pair having fallen sharply last week and then recorcered equally fast shows that the pair may rise towards the flat long term DMAs near 132.50. The Projected Max High and Low for the day is at 130.97 and 127.96 respectively.