# Short Term Analysis – Jan 14, 2008

EURUSD Analysis
EURUSD is testing the previous high resistance at 1.4823, break of this level can be seen later today, and further rise towards 1.4966 (Nov 23, 2007 high) is expected to follow. Key support is at 1.4581, as long as this support holds, up trend will continue.

USDCHF Analysis
USDCHF is in down trend. Further fall towards 1.0890 (Nov 23, 2007 low) is expected, a break below this level will signal the resumption of the long term down trend. Near term resistance is at 1.1189, as long as this resistance holds, down trend will continue.

USDJPY Analysis
USDJPY is in sideways consolidation in a range between 107.89 and 110.10. Break above 110.10 would more likely be seen after consolidation, and rise towards 112.00 is expected to follow. Key support is at 107.21 (Nov 26, 2007 low), a break below this level will signal the resumption of the long term down trend.