Daily Market Overview: EUR/JPY

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

Daily maximum: 103.45

Daily minimum: 102.71

The mean target at 103.98 was not tested today as EUR/JPY continued pursuing the downtrend on renewed hopes as the European debt crisis is threatening the core European economies. Investors should take into consideration the last two support levels at 102.36 and 101.29 whereas all resistance (103.80; 104.50; 1055.7) remained intact today. The daily market outlook is strongly bearish.

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Thu, 24 Nov 2011 16:56:49 GMT

Daily Market Overview: USD/CHF

The pair inched lower today as investors turn to the American dollar as safe-haven currency on strong US macroeconomic data release today. Resistance 2 (0.9220) and 3 (0.9299) might be tested next whereas all support (0.9098; 0.9063; 0.8984) levels remained intact today. The daily market bias is neutral.

Thu, 24 Nov 2011 16:57:51 GMT

Daily Market Overview: EUR/USD

The shared European currency is under pressure as the EU leaders split up on finding a common long-term solution, thus the market mean at 1.3381 has been breached. The resistance (1.3476; 1.3609; 1.3820) and support (1.3265; 1.3187; 1.2976) levels remained intact today. The daily trading signals point at a continuation of the bearish trend.

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