29th of November 2010 - Technical Forex Market Overview

DAILY Technical Forex Market Overview
29 November 2010 – 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

EURCHF 1.3072 support

EURUSD BEARISH Push below 1.3235 favours another bearish run towards 1.2988. Resistance at 1.3421

USDJPY BULLISH Recovery through 83.99 exposes 85.40 reaction high ahead of 85.93. Initial support at 83.57

GBPUSD BEARISH With the break of 1.5650, bear trend remains intact. Next support at 1.5297. Near-term resistance at 1.5773

USDCHF BULLISH Rise above 0.9998 exposes 1.0183. Near-term support at 0.9849

AUDUSD BEARISH Focus is on 0.9542 reaction low; a break here would expose 0.9477 Fibonacci support. Resistance at 0.9818

USDCAD BULLISH Sustained break of 1.0264 and 1.0374 required for confirmation of bull trend. Support holds at 1.0076

EURCHF BEARISH Push below 1.3229 exposes 1.3072. Near-term resistance at 1.3401 intraday high.

EURGBP BEARISH Break of 0.8421 and 0.8390 would expose 0.8311. Resistance at 0.8564

EURJPY BEARISH Break of 109.35 would expose 107.73 ahead of 105.44. Near-term resistance at 113.67.

SCHEDULE

Please visit Fibosignals.com’s Economic Calendar for a schedule of market news and events.

A. M. Negrin Bautista, CFA

Chief Analyst at Fibosignals.com

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