10th of December 2010 - Technical Forex Market Overview

DAILY Technical Forex Market Overview
10 December 2010 – 8:00 GMT
Friday

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

USDJPY stalled at 84.41

EURUSD BEARISH Break of 1.3180 exposes 1.3149 ahead of 1.2969. Resistance at 1.3442

USDJPY BULLISH Outlook is positive; recovery stalled below 84.41. Support at 83.46

GBPUSD NEUTRAL Initial resistance at 1.5841 with support at 1.5669/56.

USDCHF BEARISH Move below 0.9726 would expose 0.9670. Only a break through 0.9463 would confirm the bear trend. Resistance at 0.9916

AUDUSD NEUTRAL Model is neutral; initial resistance at 0.9965, support at 0.9739/00.

USDCAD BEARISH Sustained break through 0.9978/31 support zone required for extension of the bear trend towards 0.9820. Resistance at 1.0141

EURCHF BEARISH Focus is on 1.2933; breach of the level would expose1.2766. Resistance at 1.3229

EURGBP BEARISH Move below 0.8390 has exposed next support lying at 0.8335. Initial resistance defined at 0.8429

EURJPY BEARISH Remains heavy below 111.98; initial support defined at 109.57 ahead of 108.35.

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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