Daily Market Overview: USD/CHF

Source: Dukascopy Bank
© Dukascopy Bank

Daily maximum: 0.9414

Daily minimum: 0.9352

USD/CHF is showing a bullish bias after the US economy posted 0.2% Core CPI, indicating the US economy is gaining strength, though the daily target at 0.9432 has not been reached yet.

Daily Resistance: 0.9502; 0.9604; 0.9661. Daily Support: 0.9343; 0.9286; 0.9184. Daily Bias: Bullish.

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Mon, 19 Dec 2011 08:39:47 GMT

EUR/USD to consolidate near 1.2860

Bearish movement of EUR/USD seems to be decelerating while the pair is approaching a support level at 1.2860. However, this level is unlikely to provide sufficient support and therefore is expected to be eventually breached and pave the way to reaching 1.2089.

Fri, 16 Dec 2011 16:56:14 GMT

Daily Market Overview: USD/JPY

The American dollar inched today as investors were selling yens against USD after the US economy posted 0.2 Core CPI versus expected 0.1%. As a result, the daily target at 77.80 has been crossed.

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