4th of December 2011 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
4 December 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 Break below 1.3259 would open the key low of 1.3212. Resistance is at 1.3607.

USDJPY BULLISH Focus is on 78.29, a move above which would expose 78.83. Support lies at 77.49.

GBPUSD BEARISH Decline through 1.5526 would expose 1.5459. Resistance is at 1.5756.

USDCHF BULLISH Key resistance is at 0.9331, a break here would pave the way for 0.9401. Support lies at 0.9066.

AUDUSD BULLISH Focus is on 1.0337, a break of which would expose 1.0447 while support lies at 1.0151.

USDCAD NEUTRAL Initial support lies at 1.0055 ahead of 0.9975. Resistance is at 1.0223 ahead of 1.0364.

EURCHF BULLISH Resistance is at 1.2394 ahead of key high of 1.2474. Support lies at 1.2226.

EURGBP NEUTRAL The near-term directional triggers are at 0.8620 and 0.8519.

EURJPY NEUTRAL Resistance is at 105.70 ahead of 106.74 while support lies at 103.34 ahead of 102.49.


A. White
Analyst at Fibosignals.com

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