Majors Daily Forecast 21 May 2012

EUR/USD
Trading range: 1.2810 - 1.2710
Trend: Downward
Sell at 1.2798 SL 1.2830 TP 1.2721

USD/JPY
Trading range: 79.00 - 79.95
Trend: Upward
Buy at 79.13 SL 78.81 TP 79.85

GBP/USD
Trading range: 1.5850 - 1.5735
Trend: Downward
Sell at 1.5836 SL 1.5868 TP 1.5748

USD/CHF
Trading range: 0.9375 - 0.9480
Trend: Upward
Buy at 0.9385 SL 0.9353 TP 0.9469

Today's Economic Calendar:
Time GMT, Country, Indicator, Forecast, Prior

05:00 Japan Leading indicators composite index March final - 96.6
05:00 Japan Coincident indicators composite index March final - 96.5
05:30 Japan All industry index March -0.1% -0.1%
06:45 Switzerland SECO Consumer Climate - -
13:30 USA Chicago Fed National Activity Index - -
Canada Victoria Day

*Please note that the daily forecast is sent on time to subscribers only, who receive also updates, evening forecast, news and real time trading signals, from which we have made today so far +22, total on Friday +121 pips, as shown at our web site.