18th of November 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
18 November 2011 – 8:00 GMT
Friday

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

EURUSD BEARISH Support lies at 1.3406 ahead of 1.3346. Resistance is at 1.3557.

USDJPY BEARISH The pair is testing 76.82; a clear break below which would expose 76.34. Resistance is at 77.50.

GBPUSD BEARISH Support lies at 1.5691, a break below which would open 1.5614. Resistance is at 1.5828 ahead of 1.5932.

USDCHF BULLISH Key resistance is at 0.9316; a clearance of which would expose 0.9506. Near-term support lies at 0.9079.

AUDUSD BEARISH Break below 1.0000 has opened 0.9909 ahead of 0.9866. Resistance is at 1.0118.

USDCAD BULLISH Clearance of 1.0288 has opened the way for further gains towards 1.0365 and 1.0419 next. Support lies at 1.0208.

EURCHF BULLISH The pair is trading heavy below 1.2474, a rise through which would signal scope for gains towards 1.2646. Key support lies at 1.2281.

EURGBP BEARISH Initial support lies at 0.8519, a break below which would expose 0.8486. Resistance is at 0.8612.

EURJPY BEARISH Pressure is on support at 103.32; a move below this would expose 102.43. Resistance is at 104.39.


A. White
Analyst at Fibosignals.com

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