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DAILY FORECAST FOR EURUSD Posted 12-04-2008 at 03:43 AM by FX-Forecaster.com Bias: Mixed - waiting for breaks No break in either direction but I sense that there is now a slightly stronger risk of the dip to 1.2467-1.2518 first. There is support at 1.2645-50 and breach would raise this risk. If this support breaks then note the 1.2600 corrective low that may cause a small pullback but overall I feel then we should be heading lower through the 1.2561 low en route the stronger 1.2467-1.2518 support. However, I expect this to hold for a larger reversal higher. Only breach opens up a move below 1.2422, 1.2387 and down to the 1.2328 low. For full analysis please open today's full report in PDF format. FX-Forecaster.com Special Guest Trader

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DAILY FORECAST FOR USDJPY Posted 12-03-2008 at 03:27 AM by FX-Forecaster.com Bias: I prefer a bullish stance but require a break above 93.78 to confirm A new low was seen at 92.61 and while the subsequent recovery was encouraging but not enough to confirm a break higher. Thus we must remain aware that additional lows could be seen. I prefer a more direct rally and this will be confirmed once we get a break back above 93.41-45 followed by key resistance around 93.78-81. Once this gives way look for gains to reach 94.43-68 at least. Take care this could cause a pullback. Only breach extends gains to the 95.15-45 congestion followed by 95.74-94. For full analysis please open today's full report in PDF format. FX-Forecaster.com Special Guest Trader

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DAILY FORECAST FOR EURJPY Posted 12-02-2008 at 04:15 AM by FX-Forecaster.com Bias: Just a little mixed but feel a reversal higher is due… Losses were seen as expected and reached the lower 117.42 support and just 21 points lower. The reversal back to the 118.50 corrective high is encouraging but we really now need the 117.90 area to remain supportive if we are to see a larger reversal higher. A break then back above 118.50 should extend gains to 119.20 but only a break would suggest potential for stronger gains. if seen then next major resistance is at 120.50 and above there at 121.72-122.20. Further congestion resistance lies at 122.95-123.35. For full analysis please open today's full report in PDF format. FX-Forecaster.com Special Guest Trader

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DAILY FORECAST FOR USDCAD Posted 12-01-2008 at 04:27 AM by FX-Forecaster.com Bias: While 1.2370 supports I feel the risk is still for slow gains to 1.2553 at least Price saw gains as expected which stalled just below the 1.2476 peak. While the 1.2370 pivot area supports we can see this gradual rally continue. A break above this morning's high at 1.2449 should retest Friday's 1.2465 high and also push through to extend gains to 1.2499-20 and probably the 1.2553 area. Take care around here as this may cap. Only breach would extend gains to the next resistance at 1.2598 which may hold. Next resistance then lies at 1.2633-54. For full analysis please open today's full report in PDF format. FX-Forecaster.com Special Guest Trader

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