The Markets Today

The Markets Today Thursday 24 July 2008 / 10:00h CET

EUR/USD	1.5685
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Still in a downtrend, short-term resistance around 1.5690-1.5700 should hold for new lows around 1.5600 or even lower.		An hourly close above 1.5700 could break the bearish market and bring higher prices around 1.5750 – but need to stop there.	1.5750 STRONG 1.5750 STRONG 1.5695 TREND 1.5695 TREND 1.5615 KEY 1.5800 STRONG

GBP/USD	1.9935
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
After breaking again the 1.9970 we see still space to trade lower prices this day. Target is 1.9725, but need to break key support at 1.9880 first.		Good Figures expected today, could bring a next rise to 1.9980 or even higher.	1.9900 STRONG 1.9970 TREND 1.9880 KEY 2.0020 MINOR 1.9725 STRONG 2.0060 STRONG

USD/JPY	107.80
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
After testing again the 108 lvl positive times are over – short term expectation 107.20, could go much further		A final break of the 108 barrier could bring 108.50.	107.20 STRONG 108.00 STRONG 106.20 MINOR 108.50 STRONG 105.85 STRONG 110.00 STRONG

USD/CHF	1.0340
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
USD/CHF should hold here around 1.0375 to trade around 1.0500 later on. Even a drop to 1.0310 will not change bullish trend		Break of 1.0310 can possibly bring back the levels around 1.0150 -1.0225	1.0310 TREND 1.0450 STRONG 1.0290 STRONG 1.0510 STRONG 1.0225 STRONG 1.0560 KEY

XAU/USD	961.00
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
After trading 916 yesterday, we expect to see a little pull-back to 930, if holds short-term at 922-923		Hourly close beneath 920 brings lower levels again 916, even new lows around 900	922 TREND 930 STRONG 915 KEY 948 STRONG 900 MINOR 974 STRONG
The ForexGen's provided services are all restricted and regulated by the international banking and financial regulatory standards. All our provided activities are supported by creativeness and modernization. Ambitious & motivated employees are working simultaneously to protect the customer's confidentiality. ForexGen is continuously providing the market's most competitive conditions. ForexGen complies with the trade commissions in the USA, EU and Australia. Being registered by the commercial authorities in 18+ countries, we adhere to the United Nations Commission on International Trade Law (UNCITRAL). Profile regulatory information: ForexGen is complying with all applicable international laws and all financial regulations and procedures governing its industry in order to sustain the security standards in the financial services world.

The Markets Today

The Markets Today Wednesday 23 July 2008

EUR/USD	1.5760
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
After breaking the 1.5750 for a new low we expect trading lower levels this day. Short-term should hold at 1.5790 for target at 1.5610		An hourly close above 1.5790 stops short-term bearish trend and risks a rise to 1.5890	1.5750 STRONG 1.5790 TREND 1.5690 TREND 1.5825 MINOR 1.5615 KEY 1.5890 STRONG

GBP/USD	1.9925
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Testing again the strong point at 1.99. If an hourly close is underneath this level we could see 1.9810 as bearish target.		With a close above 1.9925 possibilities to see 2.00 level, but still strong resistance around 1.9950 levels	1.9900 STRONG 1.99540 MINOR 1.9810 TREND 2.0000 KEY 1.9750 STRONG 2.0060 STRONG

USD/JPY	107.75
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
USDJPY remains bid at 107.75 for now. While this holds there is a possibility to retry the last month high at 108.50		An hourly pullback to 107.25 is possibly seen before moving higher again. Break of this level could bring 106.20 – 106.50	107.25 STRONG 107.90 TREND 106.20 MINOR 108.40 STRONG 105.85 STRONG 110.00 STRONG

USD/CHF	1.0340
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
We see range trading between 1.0350 and 1.0290, but watch out for break to see higher prices around 1.0465		We see a possible extension to 1.0285, failure to close the day above that however is bearish for a retry of the 1.00 key	1.0290 STRONG 1.0350 STRONG 1.0230 MINOR 1.0430 STRONG 1.0150 STRONG 1.0480 KEY

XAU/USD	961.00
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Keeping Gold on these levels will bring lower prices around 910-915 during the day. Need to see 939 for an uptrend.		Hourly close above 939 brings back bullish range between 940 and 960	952 MINOR 964 MINOR 942 TREND 968 KEY 935 KEY 974 STRONG
The ForexGen's provided services are all restricted and regulated by the international banking and financial regulatory standards. All our provided activities are supported by creativeness and modernization. Ambitious & motivated employees are working simultaneously to protect the customer's confidentiality. ForexGen is continuously providing the market's most competitive conditions. ForexGen complies with the trade commissions in the USA, EU and Australia. Being registered by the commercial authorities in 18+ countries, we adhere to the United Nations Commission on International Trade Law (UNCITRAL). Profile regulatory information: ForexGen is complying with all applicable international laws and all financial regulations and procedures governing its industry in order to sustain the security standards in the financial services world.

The Markets Today

The Markets Today Wednesday 23 July 2008

EUR/USD	1.5760
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
After breaking the 1.5750 for a new low we expect trading lower levels this day. Short-term should hold at 1.5790 for target at 1.5610		An hourly close above 1.5790 stops short-term bearish trend and risks a rise to 1.5890	1.5750 STRONG 1.5790 TREND 1.5690 TREND 1.5825 MINOR 1.5615 KEY 1.5890 STRONG

GBP/USD	1.9925
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Testing again the strong point at 1.99. If an hourly close is underneath this level we could see 1.9810 as bearish target.		With a close above 1.9925 possibilities to see 2.00 level, but still strong resistance around 1.9950 levels	1.9900 STRONG 1.99540 MINOR 1.9810 TREND 2.0000 KEY 1.9750 STRONG 2.0060 STRONG

USD/JPY	107.75
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
USDJPY remains bid at 107.75 for now. While this holds there is a possibility to retry the last month high at 108.50		An hourly pullback to 107.25 is possibly seen before moving higher again. Break of this level could bring 106.20 – 106.50	107.25 STRONG 107.90 TREND 106.20 MINOR 108.40 STRONG 105.85 STRONG 110.00 STRONG

USD/CHF	1.0340
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
We see range trading between 1.0350 and 1.0290, but watch out for break to see higher prices around 1.0465		We see a possible extension to 1.0285, failure to close the day above that however is bearish for a retry of the 1.00 key	1.0290 STRONG 1.0350 STRONG 1.0230 MINOR 1.0430 STRONG 1.0150 STRONG 1.0480 KEY

XAU/USD	961.00
EXPECTATION		THE RISK	SUPPORT AND RESISTANCE
Keeping Gold on these levels will bring lower prices around 910-915 during the day. Need to see 939 for an uptrend.		Hourly close above 939 brings back bullish range between 940 and 960	952 MINOR 964 MINOR 942 TREND 968 KEY 935 KEY 974 STRONG
The ForexGen's provided services are all restricted and regulated by the international banking and financial regulatory standards. All our provided activities are supported by creativeness and modernization. Ambitious & motivated employees are working simultaneously to protect the customer's confidentiality. ForexGen is continuously providing the market's most competitive conditions. ForexGen complies with the trade commissions in the USA, EU and Australia. Being registered by the commercial authorities in 18+ countries, we adhere to the United Nations Commission on International Trade Law (UNCITRAL). Profile regulatory information: ForexGen is complying with all applicable international laws and all financial regulations and procedures governing its industry in order to sustain the security standards in the financial services world.