Majors Daily Forecast 22 February 2012

EUR/USD
Trading range: 1.3210 - 1.3310
Trend: Upward
Buy at 1.3223 SL 1.3191 TP 1.3300

USD/JPY
Trading range: 79.80 - 80.75
Trend: Upward
Buy at 79.91 SL 79.59 TP 80.63

GBP/USD
Trading range: 1.5765 - 1.5880
Trend: Upward
Buy at 1.5778 SL 1.5746 TP 1.5866

USD/CHF
Trading range: 0.9145 - 0.9040
Trend: Downward
Sell at 0.9133 SL 0.9165 TP 0.9049

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

06:30 France CPI January unadjusted -0.2% 0.4%
06:30 France CPI January unadjusted Y/Y 2.5% 2.5%
06:30 France HICP January Y/Y 2.7% 2.7%
08:00 France PMI February flash 49.1 48.5
08:00 France PMI services February flash 52.5 52.3
08:30 Germany PMI February flash 51.3 51.0
08:30 Germany PMI services February flash 54.0 53.7
09:00 EU17 PMI February flash 49.3 48.8
09:00 EU17 PMI services February flash 50.6 50.4
09:00 Italy CPI January final 0.3% 0.4%
09:00 Italy CPI January final Y/Y 3.2% 3.3%
09:00 Italy HICP January final Y/Y 3.4% 3.7%
09:30 UK BoE meeting minutes 08-09.02
10:00 EU17 Industrial orders December 0.8% -1.3%
10:00 EU17 Industrial orders December Y/Y -3.2% -2.7%
15:00 USA Existing home sales January, mln 4.65 4.61

*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 +87, total yesterday +125 pips, as shown at our web site.