Daily Market Overview: EUR/USD

Note: This section contains information in English only.
Source: Dukascopy
© Dukascopy
Daily maximum: 1.3398
Daily minimum: 1.3273

The single European currency started this trading week with a bullish reversal as EU leaders send clear signals to the financial markets that they will proceed with implementing new measures to improve the Eurozone economic shape, enhance financial discipline and bring the EU towards a closer financial integration. The market mean at 1.3253 remained untapped today. The daily trading stance is strongly bearish.

Daily Resistance: 1.3319; 1.3403; 1.3457.
Daily Support: 1.3181; 1.3127; 1.3043.

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Mon, 28 Nov 2011 16:45:45 GMT

Daily Market Overview: EUR/JPY

There are optimistic hopes the EU leader will sort out the financial disorder in the Eurozone after Germany, France agreed on controlling the budgets of the Eurozone members, leaving the market mean at 102.86 intact. The market outlook for the rest of the day stays strongly bearish.

Mon, 28 Nov 2011 11:40:44 GMT

USD/CHF to break through 0.9341/99

The focus is on 0.9341/99 which should be breached in order for the pair to carry on climbing up, although it is not expected to be done effortlessly and at a first attempt. After reaching 0.9400 USD/CHF should then target 0.9572 and 0.9916/50.

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