DAILY MARKET COMMENTARY
25 March 2011 – 8:00 GMT
Friday
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Market Analysis Desk
Foreign Exchange Research: www.fibosignals.com/5585/resources.html
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TECHNICAL DATA
EURGBP 0.8818 resistance.
EURUSD BULLISH Sustained break through the 1.4249/82 resistance area would open up the way towards 1.4373. Initial support is at 1.4054.
USDJPY BEARISH Remains heavy below 82.01; initial support is at 80.00 ahead of 78.83.
GBPUSD NEUTRAL Initial support is at 1.6977/64 zone, while resistance is at 1.6267 ahead of 1.6401/58 area.
USDCHF BEARISH While resistance at 0.9198 is intact, focus is on initial support 0.8964 ahead of 0.8852 key low.
AUDUSD BULLISH Rise through 1.0202 has exposed key resistance at 1.0256. Initial support lies at 1.0065.
USDCAD BEARISH Focus is on the downside with initial support at 0.9705 ahead of 0.9668 key low. Resistance at 0.9844.
EURCHF NEUTRAL Initial resistance is at 1.2945, support at 1.2736.
EURGBP BULLISH Sudden climb through 0.8761 and 0.8787 has exposed 0.8818; a break here would expose 0.8885. Near-term support is at 0.8664.
EURJPY BULLISH Focus is on 115.57, clearance of this level would open the way towards 116.00/68 area. Support lies at 113.56.
SCHEDULE
Please visit Fibosignals.com’s Economic Calendar for a schedule of market news and events.
A. White
Analyst at Fibosignals.com
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