Daily Market Overview: EUR/USD

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

Daily maximum: 1.3568

Daily minimum: 1.3469

Despite the fact that the most part of the day the currency couple has been trading above pivot point at 1.3484, being a bullish sign, EUR/USD was not able to penetrate resistance located at 1.3554/68 today. This signifies continuation of the downtrend and the current outlook therefore remains bearish. At the moment the price for 1 unit of the European currency is 1.3521 American Dollars.

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Tue, 22 Nov 2011 16:58:03 GMT

Daily Market Overview: USD/CHF

Following a dip down to 0.9107, being a second daily support level the currency pair has bounced off it and surged. However, this effect was only temporary and did not last for long, as the rally was halted by 20-hour exponential moving average which is just above the current price at the moment. Anyhow, the long-term bias stays bullish and recent failures are likely to

Tue, 22 Nov 2011 08:47:54 GMT

EUR/USD to bounce off 1.3616

At the moment the European currency is rallying, but is expected to be halted by resistances at 1.3616 and 1.3635. These levels are likely to trigger a sell off down to 1.3270 and 1.3145 in the long-term, after EUR/USD breaches the immediate support at 1.3424.

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