DAILY MARKET COMMENTARY
20 February 2012 – 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 NEUTRAL Resistance is at 1.3291 ahead of bull trigger at 1.3322. Support lies at 1.3115 ahead of 1.2974.
USDJPY BULLISH Clearance of 79.53 has opened resistance at 80.24. Interim resistance is at 79.89 while support lies at 78.80.
GBPUSD NEUTRAL Key upside trigger is at 1.5929, a break here would open 1.6096 next. Supports are at 1.5790 and 1.5645.
USDCHF BULLISH Resistance is at 0.9300 ahead of 0.9339. Key support lies at 0.9066.
AUDUSD BULLISH Focus is on 1.0845, a break above which would signal scope for gains towards 1.1081. Support lies at 1.0689.
USDCAD BEARISH The pair is testing 0.9926; a clear break here would open 0.9892. Resistance is at 1.0052, a prior low.
EURCHF NEUTRAL Resistance is at 1.2116 ahead of key high of 1.2133. Support lies at 1.2063 ahead of 1.2032, the month-to-date low.
EURGBP BEARISH Near-term support is at 0.8278 ahead of 0.8255. Key resistance is at 0.8422.
EURJPY BULLISH Clear break above 105.70 would open 106.04 next. Support is at 103.44.
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
DISCLAIMER: Fibosignals.com’s Daily Market Commentary is provided for informational purposes only. The information contained in these reports is gathered from reputable news sources and is not intended to be used as investment advice. Fibosignals.com assumes no responsibility or liability from gains or losses incurred by the information herein contained. Opinions, conclusions and other information expressed in this message are not given or endorsed by Fibosignals.com unless otherwise indicated by an authorized representative.
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