BAVARIA FIRST INVESTMENT

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		<p class="header"></p><h1>Recommendation - 2010-03-02 <small>09:46</small></h1><div align="justify">EURUSD<br />As long as the support at  1.3450 survives some longs from 1.3510 shall be considered but with no more than 30 pips of stop loss order as firmly breaking the last thorough at 1.3430 may easily fall toward at 1.3380. On the other hand, there is strong possibility that so called double thorough around 1.3440 shall be strongly defended with optional rebound to 1.3590 and then 50 pips higher in consequence.</div><p align="justify">&nbsp;</p><p align="justify">USDCHF<br />Opening shorts from 1.0850 would be quite profitable as long as the firm resistance 40 pips higher was created double top successfully . Moreover smoothly breaking support at 1.0830 shall extend  falls toward 1.0800 and then 50 pips lower. On the other hand target around 1.0940 shall be reasonable only in case jump above 1.0890.</p><p align="justify">&nbsp;</p><p align="justify">GBPUSD<br />This pair is in strong downward rally with a possible target around 1.4780. So any correction rebound should be used as an opportunity for selling. Today We suggest to wait with opening shorts till come back of the rate toward 1.4980. Only rally above 1.5170 may reverse our strategy to more bullish with targets around 1.5300 at least.</p><p align="justify">&nbsp;</p><p align="justify">USDJPY<br />Quiet narrow consolidation between 89,50-88,70. Downside rebound will initiate drops leading to the test of 88,20 area. Rise above 89,50 should extend gains towards 90,00.</p><p class="law">The Recommendations are estimated with our best knowledge and diligence. We accept no responsibility for the accuracy or completeness of any information here in contained nor for any forecasts or recommendations. We shall not be responsible for any loss arising from any investment based on any recommendation, forecast or other information herein contained. The contents of this publication should not be construed as an express or implied promise, guarantee or implication by us that you will profit from the strategies herein or that your losses in connection therewith can or will be limited. Stops may not necessarily limit losses to intended levels.</p>
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Daily commentary - 2010-03-02, 09:46

EURUSD
As long as the support at 1.3450 survives some longs from 1.3510 shall be considered but with no more than 30 pips of stop loss order as firmly breaking the last thorough at 1.3430 may easily fall toward at 1.3380. On the other hand, there is strong possibility that so called double thorough around 1.3440 shall be strongly defended with optional rebound to 1.3590 and then 50 pips higher in consequence.

USDCHF
Opening shorts from 1.0850 would be quite profitable as long as the firm resistance 40 pips higher was created double top successfully . Moreover smoothly breaking support at 1.0830 shall extend falls toward 1.0800 and then 50 pips lower. On the other hand target around 1.0940 shall be reasonable only in case jump above 1.0890.

GBPUSD
This pair is in strong downward rally with a possible target around 1.4780. So any correction rebound should be used as an opportunity for selling. Today We suggest to wait with opening shorts till come back of the rate toward 1.4980. Only rally above 1.5170 may reverse our strategy to more bullish with targets around 1.5300 at least.

USDJPY
Quiet narrow consolidation between 89,50-88,70. Downside rebound will initiate drops leading to the test of 88,20 area. Rise above 89,50 should extend gains towards 90,00.

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Daily commentary - 2010-03-02, 09:46

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