DAILY Technical Forex Market Overview
25 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
EURUSD targets 1.3265.
EURUSD BEARISH Following the break of 1.3363, the pair now targets 1.3265. Resistance at 1.3634 ahead of 1.3786.
USDJPY BULLISH Stalled below 83.99; push through the level would expose 85.93. Initial support at 82.40 ahead of 81.66 reaction low.
GBPUSD BEARISH Next big support below 1.5650 is defined at1.5297. Resistance at 1.5965.
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 Momentum is negative, the pair eyes 0.9652 ahead of 0.9542. Resistance at 0.9954 ahead of 1.0183.
USDCAD NEUTRAL Trading in a choppy manner within 1.0380 and 0.9931 range.
EURCHF BEARISH Pullback from 1.3674 eyes 1.3229 support, break of the level would expose 1.3072. Near-term resistance at 1.3488.
EURGBP BEARISH Push below 0.8449 exposes 0.8390 next. Initial resistance at 0.8543.
EURJPY BULLISH Break of 109.35 would expose 107.73 ahead of 105.44. Near-term resistance at 113.67.
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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