9th of February 2012 - Technical Forex Market Overview

DAILY MARKET COMMENTARY
9 February 2012 – 8:00 GMT
Thursday

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


TECHNICAL DATA

EURUSD BULLISH Break above 1.3386 would open 1.3435. Support lies at 1.3089.

USDJPY BULLISH Next resistances are at 77.42 and 77.75. Initial support is at 76.71.

GBPUSD BULLISH Resistance is at 1.5947, a rally through which would open 1.6096. Support lies at 1.5789.

USDCHF NEUTRAL Pair is testing the key support area of 0.9115/066, a decline through which would expose 0.8961. Resistance is at 0.9263 ahead of 0.9339.

AUDUSD BULLISH Break above 1.0845 would expose 1.1007. Key support is at 1.0672.

USDCAD BEARISH Key support lies at 0.9892, a decline through this would signal scope for deeper pull back towards 0.9766/25. Resistance is at 1.0034.

EURCHF BEARISH Support lies at 1.2054, a move below which would expose 1.2032. Initial 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 Pressure is on 102.54; a rally through which would open 103.98. Support is at 100.38.


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.