Daily Forex Analysis and Predictions for Feb 11, 2010

EUR/USD
Potentially to move zig zag today. We predict that after it goes down to around 1.37 or lower, then it is more likely to go up to around 1.38, and after that, it might have potentially to go down again to around 1.37 or may be lower.

GBP/USD
Same like Euro, may be after it goes down to around 1.5530, then it will go up to around 1.5650, and after that, it might have potentially to go down again to around 1.55 or lower.

AUD/USD
Hard to predict, Because it depends on the Employment News. May be it might have potentially to go down to around 0.87 or lower, and after that it will go up.

USD/JPY
It is complicated, and also Bank Holiday in Japan. So may be it will move flat, or more likely to go up to around 90.40, and after that, it might have potentially to go down to around 89.70. Better not to trade in this currency.