Majors Daily Forecast 12 February 2010

By IBTimes Staff Reporter | February 12 2010 2:43 AM

EUR/USDTrading range: 1.3700 - 1.3595Trend: DownwardSell at 1.3686 SL 1.3718 TP 1.3609

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USD/JPYTrading range: 89.45 - 90.45Trend: UpwardBuy at 89.59 SL 89.27 TP 90.31

GBP/USDTrading range: 1.5750 - 1.5640Trend: DownwardSell at 1.5739 SL 1.5771 TP 1.5651

USD/CHFTrading range: 1.0695 - 1.0805Trend: UpwardBuy at 1.0707 SL 1.0675 TP 1.0791

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

07:00 Ger GDP Q4 flash 0.2% 0.7%07:00 Ger GDP Q4 flash Y/Y -2.2% -4.8%07:45 Fra GDP Q4 flash 0.5% 0.3%07:45 Fra GDP Q4 flash Y/Y -0.3% -2.4%09:00 Ita GDP Q4 prelim 0.1% 0.6%09:00 Ita GDP Q4 prelim Y/Y -2.6% -4.6%10:00 EU 16 GDP Q4 flash 0.3% 0.4%10:00 EU 16 GDP Q4 flash Y/Y -1.9% -4.0%10:00 EU 16 Industrial production Dec -0.2% 1.0%10:00 EU 16 Industrial production Dec Y/Y -2.4% -7.1%14:55 USA Michigan sentiment index Feb prelim 75.0 74.4

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