FX Technical Commentary

Daily Forex Technicals | Written by Easy Forex | Nov 10 08 01:36 GMT |

Euro 1.2818 Initial support at 1.2526 (Nov 4 low) followed by 1.2329 (Oct 28 low). Initial resistance is now located at 1.2956 (Nov 6 High) at followed by 1.3116 (76.4% retrace 1.3298 to 1.2526) Yen 98.94 Initial support is located at 96.36 (Oct 31 low) followed by 96.08 (Oct 29 low). Initial resistance is now at 99.92 (Nov 5 high) followed by 100.57 (Oct 22 high). Pound 1.5795 Initial support at 1.5402 (Oct 28 low) followed by 1.5269 (Oct 24 low). Initial resistance is now at 1.6167 (Nov 5) followed by 1.6264 (61.8% retrace 1.6672 to 1.5604). Australian Dollar 0.6870 Initial support at 0.6546 (Nov 7 low) followed by the 0.6339 (Oct 29 low). Initial resistance is now at 0.7065 (Oct 20 high) followed by 0.7239 (Oct 14 high). Gold 748 Initial support at 718 (61.8% retrace 777.90-682.41) followed by 707 (Oct 27 low). Initial resistance is now at 777.5 (Oct 30 high) followed by 803.65 (Oct 21 Level). Currency Sup 2 Sup 1 Spot Res 1 Res 2 EUR/USD 1.2329 1.2526 1.2818 1.2956 1.3116 USD/JPY 96.08 96.36 98.94 99.92 100.57 GBP/USD 1.5269 1.5402 1.5795 1.6197 1.6264 AUD/USD 0.6339 0.6546 0.6870 0.7065 0.7239 XAU/USD 707.50 718.25 748.00 777.50 803.30 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