8th of November 2010 - Technical Forex Market Overview

DAILY Technical Forex Market Overview
8 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

EURJPY pressure on 115.68

EURUSD BULLISH Next resistance above 1.4373 lies at 1.4579. Support is at 1.3992.

USDJPY BEARISH Little support below 79.75 till 77.91. Resistance at 81.99

GBPUSD BULLISH Upside potential targets 1.6379 with scope for 1.6458 next. Support comes in at 1.6080.

USDCHF BEARISH Break below 0.9463 would open up the way towards 0.9225. Upside capped at 0.9972

AUDUSD BULLISH There is little resistance above 1.0222 till 1.1084. Support at 0.9891 ahead of 0.9542 reaction low.

USDCAD BEARISH Outlook is bearish; the pair eyes 0.9981 ahead of 0.9820. Resistance at 1.0156.

EURCHF BULLISH Resistance is at 1.3834 and support is at 1.3435

EURGBP NEUTRAL 0.8942 and 0.8652 mark the near-term directional triggers.

EURJPY BULLISH Upside pressure on 115.68; scope for 116.68 and 119.33 next. Support comes in at 112.83.

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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