ROBERT KELLY, TECHNICAL ANALYST, ELLIOTT WAVE INTERNATIONAL:

EURO/DOLLAR: "This decline is from the September highs and is approaching good support. There's a couple of levels we're working with. There's good support at $0.8725, that's a retracement of the advance from the July low. I'm expecting this decline to slow down and possibly make a bottom in that area. The immediate trend remains down. We're going to be watching $0.8725 cent support to see if market respects it, and if so we could have a low there. We're looking at important resistance at $0.8810-20 cents. As long as we stay below that I would look for this decline to continue."
DOLLAR/YEN: "We're basically on bigger picture basis bullish. We see a rise to new highs at 127 yen. There's a good chance that today's low is going to hold for some time. I'm bullish short term here as long as 122.95 yen and 122.62 yen aren't broken."
STERLING/DOLLAR: "We're approaching some significant support at $1.4033 and looking for prices to drop toward that level over the next week or so. I think the recent peak we saw around $1.4220 is going to be a top on a corrective rally and we drop until the $1.400 area."