Daily Market Overview: USD/CHF

Source: Dukascopy Bank
© Dukascopy Bank

Daily maximum: 0.9411

Daily minimum: 0.9353

The daily market forecast mean at 0.9383 has been pierced on fears the EU economy might commit a recession spreading to the US.


Daily Resistance: 0.9426; 0.9470; 0.9512. 
Daily Support: 0.9340; 0.9298; 0.9254. 
Daily Bias: Neutral.
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Tue, 03 Jan 2012 08:01:08 GMT

EUR/USD's bearish impetus weakens

EUR/USD has rebounded from 1.2860, as bearish momentum was not able to penetrate the support. For now the currency couple is anticipated to attempt to break through 1.2971 and reach 1.3145/1.3250 before it recommences declining.

Mon, 02 Jan 2012 16:34:34 GMT

Daily Market Overview: USD/JPY

USD/JPY added to losses today as investors bought safe-haven yens against USD as investors flee to the Japanese currency on debt woes, causing the daily target at 77.07 to breach.

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