14th of February 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
14 February 2011 – 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

EURUSD 1.3482 support.

EURUSD NEUTRAL Lower boundary of the 1.3509/1.3482 support zone holds. Initial resistance at 1.3621.

USDJPY BULLISH Stalled in front of 83.68; push above the level would expose 84.51. Support at 82.71.

GBPUSD BULLISH As long as support at 1.5922 holds, expect recovery towards 1.6138 and 1.6186.

USDCHF BULLISH Focus is on 0.9784 ahead of 0.9852. Support is at 0.9575/24 zone.

AUDUSD NEUTRAL Model is neutral; 1.0137 and 0.9961 mark the near-term directional triggers.

USDCAD BEARISH The pair targets 0.9832/20 support zone; break through this would expose 0.9712. Resistance at 0.9898 intraday high.

EURCHF BULLISH Pressure on 1.3206; next resistance at 1.3287. Support at 1.3086.

EURGBP BEARISH Break of 0.8420 would expose 0.8389/77. Near-term resistance is at 0.8530.

EURJPY BULLISH Resistance zone is at 114.01/94. Initial support lies at 112.06.

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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