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Euro     : EURO is holding below the 200 days EMA in daily charts. It's moving according to our expectation and the 1st target of 1.4260 is reached and second target is near 55 days EMA in the monthly charts at 1.4150. Bias still remains bearish and shorts close to 1.4380-1.4420 can be taken for target of 200 pips and lower. (EURUSD - 1.4293) Bearish.

Sterling   : Cable broke its crucial support at 1.62 levels Most likely it is heading for its next target below 1.60 levels now. Please note that it should not hold above 1.62 levels for 2 days to maintain bearish bias. Levels close to 1.6230 -1.6300 levels should be used to create shorts again. (GBPUSD - 1.6060)Bearish.

Yen     : The JPY maintains bearish bias and moved above 91.35 plus levels as expected. We still maintaining bearish bias for yen targeting 93 plus. (USDJPY- 91.32)Neutral.

Aud       : AUD had been moving below the trendline and reached our target of .8800 levels had touched 0.8790 level . Look at sells at .8940 levels again for 200 pips.(AUDUSD - 0.8786)Bearish.

Gold      : Gold recent move seems to have made a top already at 1200 plus levels. Recommended shorts at 1138 have fetched us 40 dollars plus. Shorts are favored in near term overall and longs can be initiated only at a level of 1080 dollars. (Gold - $1093.35)Neutral to Bearish.

Dollar Index  : The Dollar Index break of 76.82 resistance and sustained trading above 55 days EMA confirms that a medium term bottom is in place at 74.10 already. We're remaining bullish on the dollar index as long as 75.58 resistances turned support holds. Further rise is expected to be seen to 38.2% retracement of 89.62 to 74.19 at 80.08, as a correction to fall from 89.62, in the least bullish scenario. (DI - 78.03) Neutral to Bullish