DAILY Technical Forex Market Overview
11 November 2010 – 8:00 GMT
Thursday
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Market Analysis Desk
Foreign Exchange Research: www.fibosignals.com/5585/resources.html
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TECHNICAL DATA
EURJPY constructive above 111.53.
EURUSD NEUTRAL While resistance at 1.4282 holds, break of 1.3635 would trigger negative tone.
USDJPY NEUTRAL Recovery through 81.99 exposes 83.99. Initial support defined at 81.55 ahead of 79.75 key support.
GBPUSD BULLISH As long as support at 1.5651 holds, focus on 1.6379.
USDCHF BEARISH Focus is on 0.9463; a break here would trigger another bearish run towards 0.9225. Upside capped at 0.9972.
AUDUSD BULLISH Upside pressure found resistance at 1.0183 ahead of 1.0222. Little resistance beyond that till 1.1084. Support at 0.9891 ahead of 0.9542 reaction low.
USDCAD BEARISH Sustained break of 0.9981 would expose 0.9820 next. Resistance at 1.0156.
EURCHF BEARISH Pullback from 1.3834 eyes 1.3265; next support below that lies at 1.3072. Initial resistance at 1.3452.
EURGBP BEARISH Break of 0.8542 has opened up the way towards 0.8463 next. Resistance at 0.8692 ahead of 0.8818.
EURJPY BULLISH Remains constructive above 111.53; expect gains to target 115.68.
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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