1st of December 2010 - Technical Forex Market Overview

DAILY Technical Forex Market Overview
1 December 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

AUDUSD clears 0.9542.

EURUSD BEARISH Clearance of 1.2988 exposes 1.2796 ahead of 1.2588. Resistance at 1.3150.

USDJPY BULLISH Recovery held at 84.41; breach of the level would expose 85.40 reaction high. Initial support at 82.79.

GBPUSD BEARISH Violation of 1.5509 exposes 1.5297. Near-term resistance at 1.5773.

USDCHF BULLISH Upside potential held at 1.0054 ahead of 1.0183. Near-term support at 0.9849.

AUDUSD BEARISH Push below 0.9542 opens up the way towards 0.9477 Fibonacci support. Resistance at 0.9712.

USDCAD BULLISH Clears 1.0264, room for 1.0374 next resistance. Near-term support at 1.0171.

EURCHF BEARISH Move below 1.3072 leaves little support till 1.2766 key low. Near-term resistance at 1.3132.

EURGBP BEARISH Break of 0.8402 opens up the way towards 0.8329 and 0.8202 next. Resistance at 0.8449.

EURJPY BEARISH Decline through 109.35 exposes 107.73 and 105.44 key low. Near-term resistance at 110.69 intraday high.

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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