Daily Market Overview: EUR/USD

Source: Dukascopy Bank
© Dukascopy Bank

Daily maximum: 1.3049

Daily minimum: 1.2957

The common European currency recovered today after the publication of strong German Manufacturing and Services PMI data and improved Flash Services and Manufacturing PMI overall in Europe. The daily forecast mean at 1.2992 has been hit.

Daily Resistance: 1.3048; 1.3116; 1.3167. 

Daily Support: 1.2929; 1.2878; 1.2810. 
Daily Bias: Bearish.
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Thu, 15 Dec 2011 16:00:51 GMT

Daily Market Overview: EUR/JPY

The pair mildly recovered after the publication of strong macroeconomic EU data, showing investors still hope the economic recovery in Europe is not losing steam; therefore the daily forecast consensus at 101.39 has been pierced.

Thu, 15 Dec 2011 08:21:58 GMT

USD/CHF to surge

The interim goal for USD/CHF is at 0.9776/84, while the main target lies at 0.9950, since bullishness of the pair is supported by the majority of short- and mid-term indicators. Supports are positioned at 0.9400, 0.9331/17 and 0.9240.

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