16th of December 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
16 December 2011 – 8:00 GMT
Friday

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


TECHNICAL DATA

EURUSD BEARISH Support lies at 1.2946; a break below would open key support at 1.2867, Jan. 10 low. Resistance comes in at 1.3176.

USDJPY NEUTRAL Key directional triggers are at 78.29 and 77.49.

GBPUSD BEARISH Break below 1.5409 would expose key low at 1.5272 from Oct. 6. Initial resistance is at 1.5589.

USDCHF BULLISH As long as support at 0.9331 holds, watch out for a break above 0.9548 ahead of 0.9602. Key support lies at 0.9331.

AUDUSD BEARISH Decline through 0.9861 would expose 0.9833. Resistance is at 1.0045.

USDCAD BULLISH Near-term resistance is at 1.0356; a move above this would open 1.0424. Support is at 1.0282.

EURCHF BEARISH Break below 1.2226 has opened 1.2123 ahead of 1.2012. Resistance is at 1.2398.

EURGBP BEARISH Key support lies at 0.8356; a break below this would expose 0.8332. Resistance is at 0.8426.

EURJPY BEARISH Tough support is at 100.76, a break below this would open the psychological level of 100.00. Resistance is at 102.99.


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.