DAILY MARKET COMMENTARY
12 December 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 BEARISH Near-term support lies at 1.3259 ahead of key low at 1.3212. Resistance is at 1.3487.
USDJPY NEUTRAL Near-term directional triggers are at 78.29 and 76.58.
GBPUSD NEUTRAL Key resistance is at 1.5780 ahead of 1.5889. Support lies at 1.5561 ahead of 1.5526.
USDCHF BULLISH Momentum is positive; the pair approaches key resistance at 0.9331 a break above which would open 0.9401 next. Support lies at 0.9112.
AUDUSD BULLISH Resistance is at 1.0380 ahead of 1.0447. Support lies at 1.0048.
USDCAD BEARISH As long as resistance at 1.0344 is intact, watch for a move below 1.0041 to open 0.9975.
EURCHF BULLISH The cross is consolidating below the key resistance at 1.2474 a break above which would open 1.2646. Key support lies at 1.2226.
EURGBP BEARISH Momentum is negative; key supports to watch are at 0.8486 and 0.8456 the 61.8% retrace of the rally from 0.8068 to 0.9084. Resistance is at 0.8620.
EURJPY BEARISH Support lies at 103.01 ahead of key support at 102.49. Resistance is at 104.53.
A. White
Analyst at Fibosignals.com
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