Majors Daily Forecast: February 26, 2014

 

EUR/USD
Risk reward: 1.81
Trend: Up
Buy at 1.3732 SL 1.3700 TP 1.3790

USD/JPY
Risk reward: 1.56
Trend: Down
Sell at 102.37 SL 102.69 TP 101.87

GBP/USD
Risk reward: 2.31
Trend: Strong Up
Buy at 1.6659 SL 1.6627 TP 1.6733

USD/CHF
Risk reward: 1.91
Trend: Down
Sell at 0.8883 SL 0.8915 TP 0.8822

The current support/resistance levels are:
EUR/USD: 1.3667, 1.3645, 1.3609 - 1.3797, 1.3819, 1.3855
USD/JPY: 101.79, 101.60, 101.29 - 102.95, 103.14, 103.45
GBP/USD: 1.6579, 1.6551, 1.6505 - 1.6739, 1.6767, 1.6813
USD/CHF: 0.8813, 0.8790, 0.8752 - 0.8889, 0.8912, 0.8950