14th of April 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
14 April 2011 – 8:00 GMT
Thursday

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

EURUSD held at 1.4520.

EURUSD BULLISH Upside potential held at 1.4520 ahead of 1.4579, break of these levels would expose 1.4685. Initial support is at 1.4377.

USDJPY BULLISH As long as support at 83.13 is intact, a move above 84.79 would open way to 85.53/93 resistance area.

GBPUSD BULLISH Rise above 1.6349 would expose 1.6428. Initial support is at 1.6227.

USDCHF BEARISH The pair targets 0.8852/23 support area; near-term resistance lies at 0.9076.

AUDUSD BULLISH Focus is on 1.0584 ahead of 1.0600/40 area, while support lies at 1.0390.

USDCAD BEARISH Break of 0.9557 would open the way towards 0.9527/00 area, while resistance at 0.9698 holds.

EURCHF NEUTRAL Move below 1.2933 exposes 1.2837 putting odds in favor of reversal. Recovery through 1.3044 required to regain momentum.

EURGBP BULLISH Focus is on key high 0.8942, break of this would open way to 0.9001. Near-term support lies at 0.8823.

EURJPY BULLISH Remains constructive above 120.00; a break above 123.33 would expose 125.00.


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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