DAILY MARKET COMMENTARY
10 February 2012 – 8:00 GMT
Friday
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Market Analysis Desk
Foreign Exchange Research: www.fibosignals.com/5585/resources.html
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TECHNICAL DATA
EURUSD BULLISH Break above 1.3386 would open 1.3435. Support lies at 1.3089.
USDJPY BULLISH Clearance of 77.42 has put focus on 77.75; a break here would open 78.29, the Nov. 29 key high. Initial support is at 77.02.
GBPUSD BULLISH Resistance is at 1.5886, a move above which would open 1.5947. Support lies at 1.5730.
USDCHF NEUTRAL Key support lies at 0.9066; a decline through which would expose 0.8961. Resistance is at 0.9263 ahead of 0.9339.
AUDUSD BULLISH Near-term resistance is at 1.0791 ahead of 1.0845. Key support is at 1.0672.
USDCAD BEARISH Initial support is at 0.9926 ahead of key low at 0.9892. Resistance is at 1.0034.
EURCHF BEARISH Support lies at 1.2086, a move below which would expose 1.2053. Key near-term resistance is at 1.2133.
EURGBP BEARISH Initial support lies at 0.8330 ahead of 0.8283. Key resistance is at 0.8422.
EURJPY BULLISH Rally through 102.54 has opened resistances at 103.98 and 104.32. Support is at 101.66.
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
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.
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