* EURO/DOLLAR: "While daily stochastics are highly oversold and have had a positive crossover, we continue to favour a test of $0.8750/$0.8720 region (Elliot and Fibonacci support) for now. Thus immediate resistance for now at $0.8890 and then $0.8920 (mid-Bollinger). Immediate support at $0.8800."
* DOLLAR/YEN: "Ideally we should see the dollar stay above 122.50 to target 123.10 from where a correction back down to 122.50 is likely. Then another rally towards 123.80, 124.40 (Elliot targets)."
* STERLING/DOLLAR: "In the bigger picture, if the current sell off is corrective, then it will stall at $1.4030 else we are on our way to a new low. For today, look to sell cable on upticks to $1.4280."
* DOLLAR/SWISS FRANC: "Ideally now the uptrend has resumed and we should see the dolar stay above 1.6535 and target 1.6825 min. Immediate support at 1.6585 and ideally even if this level breaks we shoud not see the dollar fall below 6515."
* EURO/YEN: "If the uptrend in the euro has now resumed, then ideally 108.00 Elliot support must now hold. A break and close below this level will then open the way for a test of 106.00." **