28th of December 2010 - Technical Forex Market Overview

DAILY Technical Forex Market Overview
28 December 2010 – 8:00 GMT
Tuesday

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

EURGBP resistance at 0.8598.

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

USDJPY BEARISH While 82.34/00 support zone holds, 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 Break of 1.0050 has exposed 1.0033/01; initial resistance at 1.0209.

EURCHF BEARISH Focus is on 1.2439 ahead of 1.2283; resistance at 1.2714.

EURGBP BULLISH Resistance at 0.8598, 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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