DAILY Technical Forex Market Overview
25 October 2010 – 8:00 GMT
Monday
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Market Analysis Desk
Foreign Exchange Research: www.fibosignals.com/5585/resources.html
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TECHNICAL DATA
EURCHF 1.3924 resistance.
EURUSD BULLISH Remains constructive above 1.3637/1.3559 support zone, trigger to bear trend. Resistance at 1.4159 ahead of 1.4373.
USDJPY BEARISH Outlook is bearish, expect extension of downleg towards 79.75 ahead of 77.91.
GBPUSD BULLISH Holds above 1.5606 keeping our focus on the upside. Resistance at 1.5942 ahead of 1.6107.
USDCHF BEARISH Recovery has scope for 0.9918 breakout low. Next big support below 0.9463 at 0.9225.
AUDUSD BULLISH Upside gains held at 1.0004; move above the level would expose 1.0166. Support defined at 0.9662 ahead of 0.9542 reaction low.
USDCAD BEARISH Remains heavy below 1.0380/1.0407 area. Initial support at 1.0162 ahead of 0.9981.
EURCHF BULLISH Violation of 1.3665 triggers acceleration of gains towards 1.3924. Near-term support at 1.3456 ahead of 1.3265.
EURGBP BULLISH Move above 0.8908 exposes 0.9039 next. Near-term support defined at 0.8773.
EURJPY BULLISH Focus is back on the upside; expect gains to target 115.68 and 116.68 next.
SCHEDULE
Please visit Fibosignals.com’s Economic Calendar for a schedule of market news and events.
A. M. Negrin Bautista, CFA
Chief Analyst at Fibosignals.com
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