16th of December 2010 - Technical Forex Market Overview

DAILY Technical Forex Market Overview
16 December 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 1.3305/1.3292 support.

EURUSD NEUTRAL Pullback from 1.3499 has support at 1.3305/1.3292.

USDJPY BULLISH Focus is on 84.35/41 with little resistance above this till 85.40. Support at 82.84.

GBPUSD NEUTRAL Initial resistance at 1.5965, while support lies at 1.5720.

USDCHF BEARISH Violation of 0.9548 would expose 0.9463 key low. Resistance at 0.9726 previous low.

AUDUSD BULLISH Next resistance above 1.0031 lies at 1.0091. Support at 0.9833.

USDCAD BEARISH Focus on 0.9978/31 support zone; initial resistance defined at 1.0141.

EURCHF BEARISH Momentum is negative; the cross eyes 1.2766. Resistance at 1.3004.

EURGBP NEUTRAL Recovery eyes 0.8528, with initial support defined at 0.8433.

EURJPY NEUTRAL 113.67 and 110.49 mark the near-term directional triggers.

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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