24th of November 2010 - Technical Forex Market Overview

DAILY Technical Forex Market Overview
24 November 2010 – 8:00 GMT
Wednesday

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Market Analysis Desk
Foreign Exchange Research: www.fibosignals.com/5585/resources.html
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TECHNICAL DATA

EURUSD support at 1.3265

EURUSD BEARISH Decline through 1.3363 has exposed 1.3265. Resistance at 1.3786 ahead of 1.4282

USDJPY BULLISH Stalls near 83.99; push through the level would expose 85.93. Initial support at 82.40 ahead of 81.66 reaction low

GBPUSD BEARISH Move below 1.5840 shifts focus to 1.5650. Resistance at 1.5965 intraday high.

USDCHF BULLISH Stalled in front of 0.9998; beyond this the pair has room for a run towards 1.0183. Near-term support at 0.9829

AUDUSD BEARISH The pair has support at 0.9652 ahead of 0.9542. Resistance at 0.9954 ahead of 1.0183

USDCAD BULLISH Sustained break of 1.0264 and 1.0380 required to confirm the bull trend. Initial support at 1.0070

EURCHF BEARISH Violation of 1.3229 would expose 1.3072. Near-term resistance at 1.3488

EURGBP BEARISH Sell-off from 0.8942 violates support at 0.8449 with scope for 0.8390 next. Initial resistance at 0.8598

EURJPY BULLISH Violation of 111.05 exposes Fibonacci support at 109.35. Near-term resistance at 113.67, yesterday's high.

SCHEDULE

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A. M. Negrin Bautista, CFA

Chief Analyst at Fibosignals.com

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