The euro was capped below 1.2120 after 400 points fall from 1.2350 to 1.1950.
Trend: Neutral.
Try shorts from 1.2080 target 1.2010 stop 1.2120.
Supports: 1.2040, 1.1990
Resistances: 1.2100, 1.2150
FOREX CHART FORECAST
Tuesday, June 15, 2004 6:31 GMT
Daily Report.
By FX-Dealer. http://www.fx-dealer.com
GBP/USD - We now await a confluence of resistance between 1.8200/1.8300
GBP/USD: The GBP too recovered and experienced a strong bounce from 1.8050. Simply put, we now await a confluence of resistance between 1.8200/1.8300. If 1.8050/70 is able to hold in coming sessions, I would suggest placing long positions around this level for an initial target at 1.8400. Some more basing signs may manifest themselves this week.