Majors Daily Forecast 5 April 2011

EUR\/USD
Trading range: 1.4220 - 1.4115
Trend: Downward
Sell at 1.4206 SL 1.4238 TP 1.4129

USD/JPY
Trading range: 84.55 - 83.60
Trend: Downward
Sell at 84.41 SL 84.73 TP 83.69

GBP/USD
Trading range: 1.6080 - 1.6195
Trend: Upward
Buy at 1.6093 SL 1.6061 TP 1.6181

USD/CHF
Trading range: 0.9255 - 0.9150
Trend: Downward
Sell at 0.9244 SL 0.9276 TP 0.9160

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

03:30 Australia RBA meeting announcement 4.75% 4.75%
07:45 Italy PMI services March - 53.1
07:50 France PMI services March 60.7 59.7
07:55 Germany PMI services March seasonally adjusted 60.1 58.6
08:00 EU17 PMI services March 56.9 56.8
08:30 UK CIPS services index March - 56.2
09:00 EU17 Retail sales February adjusted - 0.4%
09:00 EU17 Retail sales February adjusted Y/Y - 0.7%
12:55 USA Redbook 02.04
14:00 USA ISM Non-mfg composite index March 59.7 59.7
14:00 USA ISM Non-mfg business index March - 66.9
18:00 USA FOMC meeting minutes 15.03