Daily Market Overview: EUR/USD

Source: Dukascopy Bank
© Dukascopy Bank

Daily maximum: 1.2942

Daily minimum: 1.2858

EUR/USD continued moving downwards after the month-to-month US pending homes sales rose 7.3% instead of forecast of 1.7%; therefore the market participants' forecast mean (1.2967) remained untapped.


Daily Resistance: 1.3043; 1.3145; 1.3211. 
Daily Support: 1.2875; 1.2809; 1.2707. 
Daily Bias: Neutral.
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Thu, 29 Dec 2011 17:06:15 GMT

Daily Market Overview: EUR/JPY

The Euro pierced the market participants' forecast at 101.05 against the Yen on news banks deposited the record sum to the ECB.

Thu, 29 Dec 2011 09:44:51 GMT

EUR/JPY to reach 99.50

The Euro - Japanese Yen currency pair has pierced through a key support at 101.00 and is currently eyeing 99.50 as a next target. Should the latter level be breached, weakness of the price might extend down to 99.00.

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