Daily Market Overview: EUR/USD

Source: Dukascopy Bank
© Dukascopy Bank
Daily maximum: 1.3468
Daily minimum: 1.3367

The pair touched the daily forecast mean (1.3436) today as annual change in M3 money supply has beaten analysts' estimate (2.5% act./1.8% est.).

Daily Resistance: 1.3504; 1.3567; 1.3947. 
Daily Support: 1.3376; 1.3252; 1.2725. 
Daily Bias: Strongly bullish.

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Mon, 27 Feb 2012 17:49:28 GMT

Daily Market Overview: EUR/JPY

The common European currency started the second week in a row with a rally, breaching the market participants' mean (108.65), as investors await successful vote in Germany on the second Greek package approval.

Mon, 27 Feb 2012 11:11:14 GMT

USD/CHF is bearish

USD/CHF has already slid to 0.8960 and is likely to maintain its southward direction. Initially it is expected to tumble down to 0.8788/71 (200 day ma) and eventually down to 0.8568. Rallies are capped by a resistance line at 0.9066/88.

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