6th of December 2010 - Technical Forex Market Overview

DAILY Technical Forex Market Overview
6 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

EURCHF 1.3229 resistance.

EURUSD BEARISH Recovery pressures 1.3448; as long as the level holds, expect decline towards 1.3193 and 1.2969 next.

USDJPY NEUTRAL Sell-off on Friday found support at 82.53. Resistance at 83.90.

GBPUSD BEARISH Break of 1.5773 exposes 1.5840 previous low. While the level holds expect losses to target 1.5581.

USDCHF NEUTRAL Abrupt decline through 0.9849 found support at 0.9727. Resistance at 0.9951.

AUDUSD NEUTRAL Recovery eyes 0.9954, support comes in at 0.9864.

USDCAD BEARISH Focus is on the 0.9978/31 support zone. Resistance at 1.0190.

EURCHF BEARISH As long as resistance at 1.3229 breakout low holds, expect losses to target 1.2933 and 1.2766 next.

EURGBP BEARISH Push through 0.8329 would expose 0.8202. Resistance at 0.8564.

EURJPY BEARISH Decline through 108.35 and 107.73 would open up the way towards 105.44 key low. Near-term resistance at 111.98.

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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