3rd of October 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
3 October 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

EURUSD BEARISH Break below 1.3356 has opened 1.3245 ahead of 1.3089. Near-term resistance is at 1.3601.

USDJPY NEUTRAL Initial support lies at 76.11 ahead of 75.95, the key low. Key resistance is at 77.86.

GBPUSD BEARISH Decline through 1.5526 has opened 1.5433 ahead of 1.5328, key low from Sep. 22. Resistance is at 1.5597.

USDCHF BULLISH Key resistance is at 0.9183 ahead of 0.9340. Support lies at 0.8919.

AUDUSD BEARISH Fall through 0.9537 would open 0.9463 next. Initial resistance is at 0.9810.

USDCAD BULLISH Clear break above 1.0512 would open 1.0569 ahead of 1.0680. Support lies at 1.0352.

EURCHF BULLISH Initial resistance is at 1.2283 ahead of key resistance area of 1.2346/1.2403. Support lies at 1.2051.

EURGBP BEARISH Key support lies at 0.8530; a break below this level would open 0.8474 next. Resistance is at 0.8579.

EURJPY BEARISH Move below 102.85 has opened the way towards 101.94 ahead of the psychological level of 100.00. Resistance is at 104.48.


A. White
Analyst at Fibosignals.com

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