4th of November 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
4 November 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

EURUSD NEUTRAL Key support lies at 1.3567; a break below this level would open 1.3406. Resistance is at 1.3871 ahead of 1.4003.

USDJPY NEUTRAL Initial resistance is at 78.42 ahead of 78.98. Support lies at 77.43 ahead of 76.94.

GBPUSD BULLISH Resistance is at 1.6097, a break above this level would expose 1.6167. Support lies at 1.5825.

USDCHF BEARISH Near-term support lies at 0.8718 ahead of 0.8568, a key low from Oct. 27. Initial resistance is at 0.8960.

AUDUSD NEUTRAL Resistance is at 1.0567, while support lies at 1.0148.

USDCAD NEUTRAL Near-term directional triggers are at 1.0273 and 0.9975.

EURCHF BEARISH Tough support lies at 1.2123, a break below this level would expose 1.2012. Resistance is at 1.2288.

EURGBP BEARISH Initial support lies at 0.8548 ahead of the key high of 0.8530. Resistance is at 0.8670 and 0.8690.

EURJPY BULLISH Break through 109.24 would reinforce the bullish conditions and open 111.94. Near-term support lies at 106.50.


A. White
Analyst at Fibosignals.com

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