Daily Market Overview: EUR/USd

Note: This section contains information in English only.
Source: Dukascopy Bank
© Dukascopy Bank
Daily maximum: 1.3458
Daily minimum: 1.3312

The shared European currency advanced today as the pair continued its recovery after the ECB cut the benchmark rate at 1.00% and agreed to provide unlimited cash to banks for 3 years. As a result the traders' forecast mean at 1.3406 has been breached.

Daily Resistance: 1.3459; 1.3508; 1.3562. 
Daily Support: 1.3356; 1.3302; 1.3253. 
Daily Bias: Neutral.
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Thu, 08 Dec 2011 16:39:43 GMT

Daily Market Overview: EUR/JPY

The Euro pierced the market participants' forecast at 104.16 against the Yen though it went lower as investors acquired yens on the EU debt concern.

Thu, 08 Dec 2011 07:55:19 GMT

USD/CHF to move sideways

USD/CHF currency couple is restricted in movement by a strong resistance area from above at 0.9341/99 and by support from below at 0.9040. Additional support is provided by lines at 0.8950 and 0.8730.

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