For Q1 2005, while below 0.7850, expect a correction down to 07500.07400 and probably no lower than 0.7200. H2 2005 probably has a better chance of sustained upside break , but this could be postponed until lat Q4 2005/Q1 2006 .
N.E. Mizuho Bank.
Originally posted by BlackHook at 2005-3-2 15:52
For Q1 2005, while below 0.7850, expect a correction down to 07500.07400 and probably no lower than 0.7200. H2 2005 probably has a better chance of sustained upside break , but this could be postpo ...