Daily Market Overview: USD/CHF

Source: Dukascopy Bank
© Dukascopy Bank
Daily maximum: 0.9284
Daily minimum: 0.9182

USD/CHF advanced upwards today as University of Michigan Preliminary Consumer Sentiment was larger than expected, crossing the market mean at 0.9247.

Daily Resistance: 0.9307; 0.9356; 0.9421. 
Daily Support: 0.9193; 0.9128; 0.9079. 
Daily Bias: Bullish.
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Mon, 12 Dec 2011 09:38:36 GMT

EUR/USD to hit 1.3220/18

While being capped by tough resistances at 1.3460/87 and 1.3600/15, EUR/USD is likely to show further weakness and slide down to 1.3220/18. Should this support be broken, subsequent levels at 1.3145 and 1.2860 may be reached.

Fri, 09 Dec 2011 17:34:20 GMT

Daily Market Overview: USD/JPY

The American dollar moved higher today against the yen, leaving the forecast mean at 77.55 intact, after the preliminary Consumer Sentiment has been released at 67.7, more than expected, indicating the US economic recovery is getting stronger.

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