27th of December 2010 - Technical Forex Market Overview

DAILY Technical Forex Market Overview
27 December 2010 – 8:00 GMT
Monday

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

USDJPY 82.34/00 support zone

EURUSD BEARISH Move below 1.3055/48 support zone would expose 1.2969. Resistance at 1.3360

USDJPY BEARISH Break of 82.84 has exposed 82.34/00, resistance is at 84.51

GBPUSD BEARISH Support zone 1.5297/65 holds while initial resistance at 1.5568

USDCHF BEARISH Support is at 0.9463 key low, a break here would leave little support till 0.9202; initial resistance is at 0.9734

AUDUSD BULLISH Upside potential, break of 1.0091 would expose 1.0183; support lies at 0.9951/18

USDCAD BEARISH Support zone holds at 1.0050/33; initial resistance at 1.0209

EURCHF BEARISH Break of 1.2533/00 support zone exposed 1.2439 ahead of 1.2283; resistance at 1.2714

EURGBP BULLISH Resistance at 0.8553, support at 0.8426

EURJPY BEARISH Pressure on 108.35, a break here exposes 107.86 Fibonacci support. Resistance at 110.82.

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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