FX Technical Commentary

Daily Forex Technicals | Written by Easy Forex | Nov 03 08 00:25 GMT |

Euro 1.2765 Initial support at 1.2626 (Oct 29 low) followed by 1.2558 (76.4% retrace 1.2329 to 1.3298). Initial resistance is now located at 1.2924 (Oct 31 high) at followed by 1.3299 (38.2% retrace 1.4867 to 1.2329 and Oct 30 high). Yen 98.45 Initial support is located at 96.08 (Oct 29 low) followed by 94.28 (61.8^% retrace 90.92 to 99.71). Initial resistance is now at 99.13 (Oct 30 high) followed by 99.71 (Oct 29 high). Pound 1.6100 Initial support at 1.5970 (50% retrace 1.5267 to 1.6672) followed by 1.5804 (61.8% retrace 1.5267 to 1.6672). Initial resistance is now at 1.6486 (Oct 31 high) followed by 1.6672 (Oct 30 High). Australian Dollar 0.6720 Initial support at 0.6555 (Oct 31 low) followed by the 0.6338 (Oct 29 low). Initial resistance is now at 0.6825 (Oct 31 high) followed by 0.6893 (Oct 30 high). Gold 728 Initial support at 718 (61.8% retrace 777.90-682.41) followed by 707 (Oct 27 low). Initial resistance is now at 742.25 (Oct 31 high) followed by 777.5 (Oct 30 Level). Currency Sup 2 Sup 1 Spot Res 1 Res 2 EUR/USD 1.2558 1.2626 1.2765 1.2924 1.3299 USD/JPY 94.28 96.08 98.45 99.13 99.71 GBP/USD 1.5804 1.5970 1.6100 1.6486 1.6672 AUD/USD 0.6338 0.6550 0.6720 0.6825 0.6893 XAU/USD 707.50 718.88 728.00 742.25 777.50 Easy Forex http://www.easy-forex.com Easy-Forex makes no recommendations as to the merits of any financial product referred to in this website, emails or its related websites and the information contained does not take into account your personal objectives, financial situation and needs. Therefore you should consider whether these products are appropriate in view of your objectives, financial situation and needs as well as considering the risks associated in dealing with those products