FX Technical Commentary

Daily Forex Technicals | Written by Easy Forex | Dec 05 08 01:50 GMT |

Euro 1.2775 Initial support at 1.2550 (Dec 4 low) followed by 1.2423 (Nov 21 low). Initial resistance is now located at 1.2848 (Dec 4 low) at followed by 1.2968 (Nov 27 high) Yen 92.50 Initial support is located at 92.44 (Dec 4 low) followed by 91.9 (Oct 27 low). Initial resistance is now at 93.82 (Dec 2 high) followed by 95.95 (Nov 26 high). Pound 1.4680 Initial support at 1.4471 (Dec 4 low) followed by 1.4214 (Range Projection). Initial resistance is now at 1.4815 (Dec 4 high) followed by 1.5070 (Dec 2 high). Australian Dollar 0.6485 Initial support at 0.6333 (Nov 25 low) followed by the 0.6232 (Nov 24 low). Initial resistance is now at 0.6544 (Dec 1 high) followed by 0.6618 (Nov 25 high). Gold 765 Initial support at 743 (Nov 21 low) followed by 725.4 (Nov 14 low). Initial resistance is now at 786.50 (Nov 25 high) followed by 830 (Oct 15 high). Currency Sup 2 Sup 1 Spot Res 1 Res 2 EUR/USD 1.2423 1.2550 1.2775 1.2848 1.2968 USD/JPY 91.90 92.44 92.50 93.82 95.95 GBP/USD 1.4214 1.4471 1.4680 1.4815 1.5070 AUD/USD 0.6232 0.6333 0.6435 0.6544 0.6618 XAU/USD 725.00 743.00 765.00 786.00 830.00 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