Daily Market Overview: EUR/USD

Note: This section contains information in English only.
Source: Dukascopy Bank
© Dukascopy Bank
Daily maximum: 1.3236
Daily minimum: 1.3160

The single European currency reversed today versus the American dollar and broke through the daily forecast mean (1.3226) as monthly retail sales in Europe improved (0.3% act./0.0% est.).

Daily Resistance: 1.3290; 1.3386; 1.3547.
Daily Support: 1.3144; 1.3083; 1.3036.
Daily Bias: Strongly bearish.

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Mon, 05 Mar 2012 17:43:11 GMT

Daily Market Overview: GBP/USD

The Cable commited a decline after touching the market participants' daily target (1.5861) today as UK servicess PMI declined more than forecast (53.8 act./55.0 est.).

Mon, 05 Mar 2012 10:20:03 GMT

USD/CHF to rise further

Current bullish momentum which was confirmed by a breach of 0.9066/88 is likely to persist until 0.9263 is attained, though USD/CHF will have to overcome 0.9150 and 0.9203 first. In the longer term the pair is targeting 0.9595.

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