DAILY MARKET COMMENTARY
21 February 2012 – 8:00 GMT
Tuesday
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Market Analysis Desk
Foreign Exchange Research: www.fibosignals.com/5585/resources.html
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TECHNICAL DATA
EURUSD NEUTRAL Key bull trigger is at 1.3322 and next resistance is at 1.3435. Support lies at 1.3115 ahead of 1.2974.
USDJPY BULLISH Resistance is at 79.89 and 80.24, the August 2011 high. Support lies at 78.80.
GBPUSD NEUTRAL Initial resistance is at 1.5886 ahead of key high at 1.5929. Supports are at 1.5790 and 1.5645.
USDCHF BULLISH Resistance is at 0.9207 ahead of 0.9300. Key downside trigger is at 0.9066.
AUDUSD BULLISH Focus is on 1.0845, a break above which would signal scope for gains towards 1.1081. Key support lies at 1.0629.
USDCAD BEARISH Key support is at 0.9892, the Oct. 27 low, a break here would open 0.9766. Resistance is at 0.9985.
EURCHF NEUTRAL Resistance is at 1.2116 ahead of key high of 1.2133. Support lies at 1.2063 ahead of 1.2032, the month-to-date low.
EURGBP BEARISH Near-term support is at 0.8307 ahead of 0.8278. Key resistance is at 0.8422.
EURJPY BULLISH Clearance of 105.70 has opened 106.04 ahead of 106.74. Support is at 104.42.
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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