21st of November 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
21 November 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 Support lies at 1.3447 ahead of 1.3406. Resistance is at 1.3641.

USDJPY BEARISH Initial support lies at 76.58; a break below the level would open 76.34. Near-term resistance is at 77.15.

GBPUSD BEARISH Support at 1.5738 is broken to open 1.5691. Next support is at 1.5614 whereas initial resistance is at 1.5806.

USDCHF BULLISH Initial resistance is at 0.9237, a rise through which would expose 0.9316, the key high from Oct. 6. Support lies at 0.9079.

AUDUSD BEARISH Focus is on support at 0.9909, a break below which would expose 0.9866. Resistance is at 1.0118.

USDCAD BULLISH Next resistances are at 1.0365 and 1.0419. Support lies at 1.0199.

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

EURGBP BEARISH As long as the resistance at 0.8612 holds, the trend remains bearish. Initial support lies at 0.8547 ahead of 0.8519.

EURJPY BEARISH Key support at 103.32 still holds; a move below this would expose 102.43. Resistance is at 104.75.


A. White
Analyst at Fibosignals.com

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