Daily Market Overview: EUR/USD

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

Daily maximum: 1.2785

Daily minimum: 1.2677

The pair recovered on Monday as the EU leaders met today to address the EU debt cross, causing the daily market participants' mean target at 1.2735 to breach.


Daily Resistance: 1.2788; 1.2857; 1.2903. 
Daily Support: 1.2673; 1.2627; 1.2558. 
Daily Bias: Strongly bearish.
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Mon, 09 Jan 2012 17:19:33 GMT

Daily Market Overview: EUR/JPY

The shared European currency started pairing previous weekly losses and pierced the daily forecast mean (98.11) as the German Chancellor Angela Merkel and the French president Nicola Sarkozy met to discuss further measures to tackle region's debt woes.

Mon, 09 Jan 2012 16:23:21 GMT

EUR/USD to rally up to 1.2760/2820

After plummeting into 15 month lows, EUR/USD currency pair is expected to make an upward correction up to 1.2760/1.2820. However, the move is likely to be short-term, following which the price should recommence sliding en route to 1.2530/88.

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