Daily Technical Analysis by FXCC - 12/10/2011
Euro vs. US Dollar (EURUSD):general trend is to the upside. Break below (1.35554) may trigger further fall of the EURUSD. Going above nearest support level at (1.37483), however, would confirm continuation of the bullish trend, towards next objective upwards (1.38667). We will be looking to buy EURUSD upon any price retracement.
R1: 1.36838| R2: 1.37483 | R3: 1.38127 | R4: 1.38667 | R5: 1.39311
S1: 1.35965 | S2: 1.35245 | S3: 1.34575 | S4: 1.33931 | S5: 1.33391
Great Britain Pound vs. US Dollar (GBPUSD):We can say that additional bullish movements could be seen during current session, particularly if it succeeded to stabilize above (1.56032) zones. A proper confirmation would occur if the GBPUSD will manage to overcome the (1.56384) resistance. Look for long positions for today`s trading session.
R1: 1.56384| R2: 1.56889 | R3: 1.57956 | R4: 1.58456 | R5: 1.58956
S1: 1.55112| S2: 1.54488 | S3: 1.53950 | S4: 1.53406 | S5: 1.52906
US Dollar vs. Japanese Yen USDJPY (USDJPY):Overall the direction remains unclear and price is moving in (77.009 - 76.462) range area, the instrument has a 50 – 50 chance of a recovery above (77.009) or a fall towards (76.462) in the coming session. We should wait for the victory of either team players (Bulls or Bears).
R1: 76.974 | R2: 77.274 | R3: 77.574 | R4: 77.874 | R5: 78.174
S1: 76.335 | S2: 76.035 | S3: 75.735 | S4: 75.435 | S5: 75.135
Source: FX Central Clearing Ltd. (FXCC)
http://www.fxcc.com/tech-analysis
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12-10-2011, 08:49 AM #1
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Daily Technical Analysis by FXCC - 12/10/2011
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