Majors Daily Forecast 8 March 2011

EUR\/USD
Trading range: 1.4000 - 1.3900
Trend: Downward
Sell at 1.3988 SL 1.4020 TP 1.3911

USD\/JPY
Trading range: 82.10 - 83.05
Trend: Upward
Buy at 82.21 SL 81.89 TP 82.93

GBP\/USD
Trading range: 1.6220 - 1.6110
Trend: Downward
Sell at 1.6208 SL 1.6240 TP 1.6120

USD\/CHF
Trading range: 0.9255 - 0.9360
Trend: Upward
Buy at 0.9265 SL 0.9233 TP 0.9349

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

11:00 Germany Manufacturing orders January seasonally adjusted 2.3% -3.4%
11:00 Germany Manufacturing orders January not seasonally adj, workday adj Y/Y 15.6% 19.7%
13:55 USA Redbook 05.03
23:50 Japan Machinery orders core January adjusted 3.0% 1.7%
23:50 Japan Machinery orders core January unadjusted Y/Y 5.1% -1.6%