DAILY MARKET COMMENTARY
7 June 2011 – 8:00 GMT
Tuesday
_____________________________________________________________________
Market Analysis Desk
Foreign Exchange Research: www.fibosignals.com/5585/resources.html
_____________________________________________________________________
TECHNICAL DATA
EURUSD BULLISH The pair targets 1.4711, break of this would open 1.4900. Initial support lies at 1.4451.
USDJPY BEARISH The pair tests 80.00 key support; a sustained break below the level would shift focus to 79.57. Resistance is at 81.01.
GBPUSD BULLISH Resistance is at 1.6461/96 area, break above which would open 1.6547. Near-term support lies at 1.6286.
USDCHF BEARISH The pair continues with its downtrend. There is scope for further loss towards 0.8300, followed by 0.8165 next. Resistance lies at 0.8453.
AUDUSD BULLISH Break of 1.0794 would expose 1.0877, while support lies at 1.0587.
USDCAD BULLISH A move above 0.9852 would unlock the way towards 0.9910 and 0.9974. Initial support is at 0.9745.
EURCHF BEARISH Clearance of 1.2108 would expose 1.2054 and 1.2000. Resistance is at 1.2318.
EURGBP BULLISH The cross targets 0.8941, break of this level would shift focus on 0.9000 next. Support is at 0.8846.
EURJPY BULLISH Break of 117.80 is required to confirm the bull trend and target 118.38 next. Initial support lies at 115.93.
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