Majors Daily Forecast 7 March 2011

EUR\/USD
Trading range: 1.3960 - 1.4060
Trend: Upward
Buy at 1.3970 SL 1.3938 TP 1.4047

USD\/JPY
Trading range: 82.40 - 81.50
Trend: Downward
Sell at 82.30 SL 82.62 TP 81.58

GBP\/USD
Trading range: 1.6230 - 1.6340
Trend: Upward
Buy at 1.6240 SL 1.6208 TP 1.6328

USD\/CHF
Trading range: 0.9270 - 0.9165
Trend: Downward
Sell at 0.9258 SL 0.9290 TP 0.9174






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

05:00 Japan Leading indicators composite index January preliminary 101.9 102.3 101.0 101.4
05:00 Japan Coincident indicators composite index January preliminary 106.2 - 103.7 103.5
20:00 USA Consumer credit January, bln 3.3 6.1
23:50 Japan Current account January unadjusted, trln 0.470 1.195
23:50 Japan Trade balance January unadjusted, trln - 0.769
23:50 Japan M2+CDs money supply February Y/Y 2.3% 2.3%