TECHNICAL ANALYSIS TEAM, CAPITAL MANAGEMENT www.cap-man.com:

* EURO/DOLLAR: "Holding over previous $0.8840 low prolongs the interim consolidation phase in a recovery that should again press the $0.8940/80 resistance area. Wait to sell this rally or direct loss of the $0.8840 base for next swing lower with medium term triangle pattern to $0.8550 objective."
* DOLLAR/YEN: "The slow but deliberate uptrend will continue for the dollar to take the 126.85 high en route and initial 129.50 target. Short term overbought nature of the rally from 124.40 would allow for a reaction back to 125.60. Stay bullish with stops below 124.30."
* EURO/YEN: "Euro has broken higher to signal a sustained uptrend beyond 113.70. Although we can tolerate some reaction before the market accelerates through this medium term resistance, stay long or buy below 111.50 with stops now 110.60. Loss would signal consolidation and 108.60."