Friday, June 17, 2011

17th of June 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
17 June 2011 – 8:00 GMT
Friday

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


TECHNICAL DATA

EURGBP 0.8825 resistance.

EURUSD BEARISH While resistance at 1.4300 remains intact; focus on initial support at 1.4074, break of which would open 1.4002.

USDJPY NEUTRAL Move below 80.38 would resume the bear trend and expose key level at 80.00. Initial resistance lies at 81.06.

GBPUSD BEARISH Focus on 1.6058, scope for further weakness towards 1.6000. Resistance at 1.6226 holds.

USDCHF NEUTRAL Move below 0.8443 would expose 0.8348, while a recovery through 0.8565 would open 0.8639.

AUDUSD BEARISH The pair targets initial support at 1.0478, break of this level would expose 1.0441. Initial resistance lies at 1.0591.

USDCAD BULLISH Sharp rise through 0.9852 has put the pair's focus on 0.9915 ahead of 0.9974. Near-term support lies at 0.9773.

EURCHF BEARISH Focus is on support at 1.1947, decline through this level would expose 1.1823. Initial resistance lies at 1.2126.

EURGBP NEUTRAL Downside trigger is at 0.8722, while resistance at 0.8825 holds.

EURJPY BEARISH Pressure on key support at 113.42, break of this level would expose 113.00. Resistance lies at 115.00.


SCHEDULE

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

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.

No comments:

Post a Comment