DAILY MARKET COMMENTARY
30 May 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 NEUTRAL 1.4346 and 1.4125 mark the near-term directional triggers.
USDJPY BEARISH Momentum is negative; break of 80.64 would signal further losses towards 80.31 and 80.00. Initial resistance is at 81.42.
GBPUSD BULLISH Stalled in front of 1.6517, break of this level would confirm the bull trend and expose 1.6584. Support lies at 1.6379.
USDCHF BEARISH Bearish trend is intact; move below 0.8500 has exposed support at 0.8465. Resistance lies at 0.8663.
AUDUSD NEUTRAL Initial support is at 1.0609, while upside trigger is at 1.0794.
USDCAD BULLISH Resistance is at 0.9816, break above this level would open way for a climb to 0.9849. Near-term support lies at 0.9724.
EURCHF BEARISH The cross prints fresh lows; move below initial support at 1.2099 would expose 1.2000. Resistance is at 1.2256.
EURGBP BEARISH Focus is on initial support at 0.8611, break below this level would pave the way towards 0.8590. Near-term resistance is at 0.8717.
EURJPY BEARISH Support is at 114.47, scope for further losses towards 113.88. Resistance lies at 116.38.
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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