1st of December 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
1 December 2011 – 8:00 GMT
Thursday

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

EURUSD BEARISH Initial support lies at 1.3259 ahead of 1.3212, the Nov. 25 key low. Resistance is at 1.3607.

USDJPY BULLISH Resistance is at 78.29 ahead of 78.83. Support lies at 77.10.

GBPUSD BEARISH Support is at 1.5526, a break below which would expose 1.5423, the Nov. 25 key low. Key resistance is at 1.5883.

USDCHF BULLISH Near-term resistance is at 0.9252, a clearance of which would expose 0.9331. Support lies at 0.9066.

AUDUSD NEUTRAL Resistance is at 1.0337 ahead of 1.0447 while support lies at 1.0000 ahead of 0.9943.

USDCAD NEUTRAL Support lies at 1.0124 ahead of 1.0055. Resistance is at 1.0364 ahead of 1.0474.

EURCHF BEARISH Support lies at 1.2226 ahead of 1.2208. Key resistance is at 1.2474.

EURGBP BEARISH Two key supports to watch for are at 0.8519 and 0.8486 while resistance is at 0.8620.

EURJPY NEUTRAL Resistance is at 105.97 while support lies at 103.34.


A. White
Analyst at Fibosignals.com

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