10th of January 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
10 January 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

EURCHF focus shifts to 1.2402.

EURUSD BEARISH Bear trend remains eyeing 1.2830/1.2796 support. Resistance is at 1.3021.

USDJPY NEUTRAL Break above 83.67 would open up the way towards 84.51 mid-December high; support at 82.63.

GBPUSD NEUTRAL Support is at 1.5345 while resistance is at 1.5665.

USDCHF NEUTRAL Focus on the tough 0.9774 Fibonacci resistance. Support lies at 0.9469.

AUDUSD NEUTRAL Look for a break below 0.9863/31 support zone to trigger the negative tone; resistance at 0.9993.

USDCAD BEARISH Clearance of 0.9917 exposes 0.9889/25 area. Initial resistance is at 1.0004.

EURCHF BEARISH Break of 1.2456 shifts focus to 1.2402, resistance at 1.2564.

EURGBP BEARISH Sharp decline on Friday slashed through 0.8347/35 support area exposing 0.8274; resistance at 0.8335 previous low.

EURJPY BEARISH Push below 107.61 exposes 105.97 key low, resistance at 108.55.

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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