27th of December 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
27 December 2011 – 8:00 GMT
Wednesday

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Market Analysis Desk
Foreign Exchange Research: www.fibosignals.com/5585/resources.html
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TECHNICAL DATA

EURUSD BEARISH Initial support lies at 1.2994 ahead of key low at 1.2946. Resistance is at 1.3091, today's intersection of the trendline drawn off the Oct. 27 high ahead of 1.3197.

USDJPY NEUTRAL Near-term directional triggers are at 78.29 and 77.69.

GBPUSD NEUTRAL Key upside trigger is at 1.5780 with interim resistance at 1.5728. Support lies at 1.5582 ahead of 1.5497.

USDCHF NEUTRAL Resistance is at 0.9415 ahead of key high of 0.9548. Support lies at 0.9307 ahead of 0.9235.

AUDUSD BULLISH Rise through 1.0219 would expose 1.0258. Support lies at 1.0052.

USDCAD BEARISH A break below 1.0168 ahead of key low of 1.0052. Resistance is at 1.0309 ahead of 1.0389.

EURCHF BEARISH Initial support lies at 1.2164, a break below which would expose 1.2123, the Oct. 3 key low. Resistance is at 1.2254.

EURGBP BEARISH Key support is at 0.8303, a decline through which would expose the year-to-date low of 0.8285. Resistance is at 0.8390.

EURJPY BEARISH Key support area is at 101.05/100.76, a violation of which would open the psychological support of 100.00. Resistance is at 102.54.


SCHEDULE

Please visit our Economic Calendar for a for a schedule of market news and events: http://www.fibosignals.com/5585/calendar.html.

A. White
Analyst at Fibosignals.com

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