21st of December 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
21 December 2011 – 8:00 GMT
Wednesday

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

EURUSD BEARISH Near-term support lies at 1.2994 ahead of key low at 1.2946. Resistance is at 1.3146.

USDJPY NEUTRAL Key directional triggers are at 78.29 and 77.49.

GBPUSD NEUTRAL Resistance is at 1.5735 ahead of 1.5780, the Nov. 30 key high. Support lies at 1.5497 ahead of 1.5465.

USDCHF NEUTRAL Support lies at 0.9235 ahead of 0.9176. Resistance is at 0.9415 ahead of key high of 0.9548.

AUDUSD NEUTRAL Initial support lies at 1.0060 ahead of key low at 0.9861. Resistance is at 1.0182 ahead of 1.0258.

USDCAD BULLISH Resistance is at 1.0309, a move above which would expose 1.0389. Key support is at 1.0194.

EURCHF BEARISH Key supports to watch are at 1.2123 and 1.2012. Resistance is at 1.2254.

EURGBP BEARISH Break below 0.8356 has opened support at 0.8332 and then 0.8308. Resistance is at 0.8390.

EURJPY BEARISH Support lies at 101.38 ahead of 100.76, the year-to-date low. Resistance is at 102.49.


SCHEDULE

Please visit our Economic Calendar for a for a schedule of market news and events: http://www.fibosignals.com/5585/calendar.html.

A. White
Analyst at Fibosignals.com

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