Daily Market Overview: EUR/USD

Note: This section contains information in English only.
Source: Dukascopy Bank
© Dukascopy Bank
Daily maximum: 1.3462
Daily minimum: 1.3389

The single European currency erased earlier weekly gains and breached the daily forecast mean at 1.3409 as the CB consumerc confidence index rose in the US (70.8 act./63.1 est.).

Daily Resistance: 1.3461; 1.3567; 1.3947. 
Daily Support: 1.3349; 1.3252; 1.2725. 
Daily Bias: Bullish.

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Tue, 28 Feb 2012 20:21:24 GMT

Daily Market Overview: EUR/JPY

The single European currency moved higher today against the Japanese yen, piercing the 108.27 mean, due to more-than-forecast monthly CPI in Germany (0.7% act./0.5% est.).

Tue, 28 Feb 2012 13:50:39 GMT

EUR/JPY's outlook is positive

After climbing as high as 109.51/58 (55 week ma) EUR/JPY has stalled. Nonetheless, the bullish bias persists and is expected to fade only between 110.18 and 111.57. Supports may be found at 107.05, 106.78 and at 106.02.

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