13th of February 2012 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
13 February 2012 – 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 BULLISH Initial resistance is at 1.3322 ahead of 1.3386. Support lies at 1.3156.

USDJPY BULLISH Break above 77.81 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. Key near-term support lies at 1.5730.

USDCHF NEUTRAL Key support lies at 0.9066; a decline through which would expose 0.8961. Resistance is at 0.9201 ahead of 0.9263.

AUDUSD BULLISH Momentum is positive; near-term resistance is at 1.0791 ahead of 1.0845. Support lies at 1.0640.

USDCAD BEARISH Initial support is at 0.9926, a break here would open the key low at 0.9892. Resistance is at 1.0052, a prior low.

EURCHF NEUTRAL Support lies at 1.2084, a move below which would expose 1.2053. Key near-term resistance is at 1.2133 ahead of 1.2149.

EURGBP BEARISH Initial support lies at 0.8330 ahead of 0.8283. Key resistance is at 0.8422.


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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