Daily Market Overview: USD/CHF

Source: Dukascopy
© Dukascopy

Daily maximum: 0.9309

Daily minimum: 0.9206

The pair pursued its latest rally as investors continued buying the US treasuries as the European debt crisis is getting worse. Forex traders should be aware of resistance 3 at 0.9316 and support levels at 0.9167, 0.9129 and 0.9067 respectively. The daily market bias is strongly bullish.

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Mon, 28 Nov 2011 11:40:06 GMT

EUR/USD to hit 1.3145

For some time 1.3145 will provide sufficient support, although in the long-term it is expected to be eroded. Subsequent targets then will be 1.2860 and 1.20. Rallies should be capped by resistances at 1.3454 and 1.335/80.

Fri, 25 Nov 2011 16:18:59 GMT

Daily Market Overview: USD/JPY

The Japanese Yen depreciated against the American Dollar as at the moment investors are in favour of USD as a safe-haven currency, leaving the market mean behind at 77.14. All three resistance levels (77.30/42/68) have been breached while none of the support (77.03; 76.88/62) lines remained intact today. The daily outlook stays neutral for the rest of the trading day.

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