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Tuesday, August 19, 2008-European Session-7:00 GMT

August 19th, 2008

The US dollar continues to make broad gains with the USDCHF surpasing our 1.1012 target sited in our August 6th update and now targeting 1.1446, while the EURUSD continues to move towards our previously sited 1.4358 target. GBPUSD continues the fall from the March 9, 2008 high at 2.0397 with a sustained break of 1.8512 targeting 1.8018. GBP is broadly weak today as the USdollar, Jpy. Chf and Euro have all made gains against the GBP. The trend remains firm for the US dollar as we will continue to look for trade opportunities with the trend. More updates later.

Forex Signals Plus, RW

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