Daily Market Overview: EUR/USD

Source: Dukascopy
© Dukascopy
Daily maximum: 1.3411
Daily minimum: 1.3316

The shared European currency is under pressure as the EU leaders split up on finding a common long-term solution, thus the market mean at 1.3381 has been breached. The resistance (1.3476; 1.3609; 1.3820) and support (1.3265; 1.3187; 1.2976) levels remained intact today. The daily trading signals point at a continuation of the bearish trend.

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Thu, 24 Nov 2011 16:56:49 GMT

Daily Market Overview: USD/CHF

The pair inched lower today as investors turn to the American dollar as safe-haven currency on strong US macroeconomic data release today. Resistance 2 (0.9220) and 3 (0.9299) might be tested next whereas all support (0.9098; 0.9063; 0.8984) levels remained intact today. The daily market bias is neutral.

Thu, 24 Nov 2011 07:44:01 GMT

USD/CHF keeps bullish bias

As long as the pair floats above a key support at 0.9094 and a strong area situated at 0.8555/50 the outlook will be positive. In the meantime the initial target for USD/CHF is 0.9317 while it is en route to 0.9341/99.

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