15th of February 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
15 February 2011 – 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

EURUSD 1.3428 support.

EURUSD NEUTRAL Move below 1.3428 would expose 1.3364. Initial resistance at 1.3621.

USDJPY BULLISH Resistance at 83.68 continues to hold; push above the level would expose 84.51. Support at 82.71.

GBPUSD BULLISH While support at 1.5922 holds, expect recovery towards 1.6138 and 1.6186.

USDCHF BULLISH Break through 0.9776/84 would expose 0.9852. Support is at 0.9575.

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

USDCAD BEARISH Support at 0.9832/20 zone holds; break through this would expose 0.9712. Near-term resistance at 0.9918.

EURCHF BULLISH Clearance of 1.3086 exposes 1.3015. Resistance at 1.3206.

EURGBP BEARISH Momentum is negative; eyes 0.8389/77 support zone. Near-term resistance is at 0.8462.

EURJPY BULLISH Rise above 113.44 would expose 114.01/94 resistance area. 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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