9th of December 2011 - Technical Forex Market Overview

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

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


TECHNICAL DATA

EURUSD BEARISH Momentum is negative; support lies at 1.3259 ahead of key low at 1.3212. Resistance is at 1.3487.

USDJPY NEUTRAL Support lies at 77.01 ahead of the key low of 76.58. Resistance is at 77.86 ahead of 78.11.

GBPUSD NEUTRAL Key resistance is at 1.5780 ahead of 1.5883. Support lies at 1.5561 ahead of 1.5526.

USDCHF BULLISH Key resistance is at 0.9331; a break above which would open 0.9401 next. Support lies at 0.9112.

AUDUSD BULLISH Initial resistance is at 1.0205 ahead of 1.0380. Support lies at 0.9943.

USDCAD BEARISH As long as resistance at 1.0344 is intact, watch for a move below 1.0041 to open 0.9975.

EURCHF BULLISH Key resistance is at 1.2474; a break above which would open 1.2646. Support lies at 1.2322 ahead of 1.2226.

EURGBP BEARISH Key supports to watch are at 0.8486 and 0.8456 the 61.8% retrace of the rally from 0.8068 to 0.9084. Resistance is at 0.8620.

EURJPY BEARISH Momentum is negative; support lies at 103.01 ahead of key support at 102.49. Resistance is at 104.53.


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.