25th of October 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
25 October 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 BULLISH Near-term resistance is at 1.4013, a break above which would expose 1.4100. Initial support lies at 1.3704.

USDJPY BEARISH Support lies at 75.82, a break below which would open 75.00, the psychological level. Resistance is at 76.92.

GBPUSD BULLISH Momentum is positive; initial resistance is at 1.6083, a break through this level would open 1.6203. Near-term support lies at 1.5754.

USDCHF BEARISH Pressure is on 0.8786, a move below which would expose 0.8647. Resistance is at 0.8952.

AUDUSD BULLISH Break of 1.0478 has opened the way for extension of gains towards 1.0666 and 1.0765. Initial support lies at 1.0203.

USDCAD BEARISH Focus is on 1.0000, a break through which would open 0.9885 next. Resistance is at 1.0188.

EURCHF NEUTRAL Near-term directional triggers are at 1.2474 and 1.2123.

EURGBP NEUTRAL Initial resistance is at 0.8733, a rise through which would open 0.8767. Support lies at 0.8632 ahead of 0.8583.

EURJPY BULLISH Resistance is at 106.54, a move above this level would open the way for gains towards 107.68. Key support lies at 104.78.


A. White
Analyst at Fibosignals.com

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