Daily Market Overview: EUR/USD

Source: Dukascopy Bank
© Dukascopy Bank
Daily maximum: 1.3486
Daily minimum: 1.3399

The daily mean at 1.3414 has been pierced as the pair continued its recovery on a sharply improved manufacturing data in Germany, suggesting the main economic engine remains in a good shape.

Daily Resistance: 1.3465; 1.3532; 1.3577. 
Daily Support: 1.3353; 1.3308; 1.3241. 
Daily Bias: Neutral.
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Tue, 06 Dec 2011 18:09:47 GMT

Daily Market Overview: EUR/JPY

The common European currency remained under pressure today versus the Japanese yen as the S&P ranking agency put 15 Eurozone on a rating downgrade notice, including Germany, Luxembourg, the Netherlands and France. The market mean at 104.37 was not tested today.

Tue, 06 Dec 2011 08:06:51 GMT

USD/CHF to recommence advancing

USD/CHF was able to consolidate at 0.9040 and is expected to gain bullish impetus before attempting to break through 0.9334 once again. Additional support lines are at 0.8950 and 0.8730, while the immediate resistance is at 0.9252.

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