25th of August 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
25 August 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

USDCHF 0.8017 resistance.

EURUSD BULLISH A break above 1.4500 would expose 1.4578. Initial support lies at 1.4259.

USDJPY BEARISH Decline through 76.34 would expose the key low of 75.95. Initial resistance is at 77.21 ahead of 77.86.

GBPUSD BULLISH As long as the support at 1.6305, a Fibonacci level, holds, watch for a move towards 1.6534 ahead of 1.6573.

USDCHF BULLISH Rise through 0.8017 would confirm the bull trend and expose 0.8178. Support lies at 0.7744.

AUDUSD BEARISH A move below 1.0315 would open the way for 1.0246. Near-term resistance is at 1.0559.

USDCAD BULLISH Initial resistance is at 0.9939, a break above which would expose 0.9969. Support lies at 0.9799.

EURCHF BULLISH Watch for a break above 1.1555 to confirm the bullish conditions and open the way for 1.1663. Support lies at 1.1165.

EURGBP NEUTRAL Initial resistance is at 0.8830 ahead of 0.8886 while support lies at 0.8697.

EURJPY NEUTRAL Near-term directional triggers are at 111.83, a Fibonacci level, and 109.02.


A. White
Analyst at Fibosignals.com

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