Forex Prediction for Tuesday March 3, 2009

EUR-USD
It may meet resistance in 1.2577 - 1.2585 zone for a drift down to 1.2553 zone, after which bounce to 1.2605 is anticipated.

USD-CHF
One move lower to 1.1707 or 1.1659 is anticipated while below 1.1776 - 1.18 area. Stop loss above 1.1845 zone.

USD-JPY
Market should hold major support at 96.6 before rising towards 97.94 or even 98.43 limit.

GBP-USD
It is likely to attempt nearer support at 1.3912 for extending further to below 1.3769 while below 1.4055 - 1.4172 area. Rise above 1.4243 would dampen this bearish expectation.