Daily market Overview: USD/CHF

Source: Dukascopy Bank
© Dukascopy Bank
Daily maximum: 0.9386
Daily minimum: 0.9342

The pair continues its rally as investors turn positive before the FOMC Statement release today. Meanwhile, the daily mean at 0.9346 has been successfully breached.

Daily Resistance: 0.9424; 0.9476; 0.9565. 
Daily Support: 0.9283; 0.9194; 0.9142. 
Daily Bias: Strongly bullish.
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Wed, 14 Dec 2011 08:27:45 GMT

EUR/USD to hit 1.2860

After a break of 1.3145 bearish impetus of the pair has strengthened and may drag EUR/USD down to 1.2860. While the long-term target lies at 1.20. Rallies, on the other hand, are expected to be limited by resistances at 1.3212 and 1.3355.

Tue, 13 Dec 2011 17:47:29 GMT

Daily Market Overview: USD/JPY

USD/JPY is trading in the 77-78 price channel as investors remain concerned over the European long-term economic prospects, thus the daily forecast mean at 77.83 has been pierce.

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