Daily Market Overview: EUR/USD

Note: This section contains information in English only.
Source: Dukascopy
© Dukascopy

Daily maximum: 1.3332

Daily minimum: 1.3212

The Euro moved lower today as the German m/m import prices and Italian m/m retail sales inched lower as the European debt crisis worsens, breaching the market mean at 1.3354. None of the resistance (1.3388; 1.3448; 1.3543) levels has been breached yet while a cross of support 1 and 2 at 1.3292 and 1.3256 exposes the last barrier at 1.3160 for Friday. The daily stance remains bearish.

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Fri, 25 Nov 2011 16:18:46 GMT

Daily Market Overview: EUR/JPY

As the European debt woes worsen, investors continue purchasing the Japanese yen versus the single European currency, piercing the market mean at 102.98. Investors should consider resistance lines at 103.32, 103.76 and 104.51, and closely watch the last support levels at 102.25 and 101.50. The daily trading signals point at a continuation of the bearish trend up front.

Fri, 25 Nov 2011 09:04:36 GMT

USD/CHF targets 0.9317

Present bullish impetus is expected to drag the price rather high - up to 0.9317 and ultimately up to 0.9341/99 where the latter level is likely to act as impenetrable impediment. Supports, on the other hand, lie at 0.9120 and 0.8555/50.

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