Good morning. Herewith we would like to present our currency market forecasts for today.

EURUSD
Fall to 1,3250/60 should be used to open long positions. Target for these positions we assess for 1,3340 and even 1,3420 later on. Drop below 1,3200 will stand for a return to consolidation at 1,3160.

GBPUSD
Long positions should be open at 1,1,4820/40 with targets set at 1,4960. In case this level is broken further gains should reach 1,5050.

USDJPY
We suggest opening short positions at 90,45 with take profit set at 89,60.

USDCHF
Is seen trading in range 1,1760-1,1870. Upside rebound will bring the rate as high as 1,1940/1,1970. Fall below the lower limit  will initiate further drops towards 1,15.

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