8th of November 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
8 November 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 NEUTRAL Support lies at 1.3609 while resistance is at 1.3871.

USDJPY NEUTRAL Near-term directional triggers are at 78.98 and 77.44

GBPUSD BULLISH Resistance is at 1.6097, a rise through this level would expose 1.6167. Support lies at 1.5877.

USDCHF BULLISH Pressure is on resistance at 0.9083, a break above which would open 0.9139. Near-term support lies at 0.8862.

AUDUSD NEUTRAL Resistance is at 1.0447, while support lies at 1.0203.

USDCAD NEUTRAL Key resistance is at 1.0273 and support lies at 1.0055.

EURCHF BULLISH Focus is on resistance at 1.2474, the key high from Oct 19, a clearance of this level would open 1.2646. Support lies at 1.2265.

EURGBP BEARISH Break below 0.8548 would open the key low from Sept. 12 of 0.8530. Resistance is at 0.8612.

EURJPY BULLISH Resistance is at 108.25, a break above which would open 109.24. Key support lies at 106.50.


A. White
Analyst at Fibosignals.com

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