FX Technical Commentary

Daily Forex Technicals | Written by Easy Forex | Dec 12 08 01:57 GMT |

Euro 1.3340 Initial support at 1.300 (Dec 11 low) followed by 1.2903 (Dec 10 low). Initial resistance is now located at 1.3405 (Dec 11 high) at followed by 1.3530 (Oct 20 high) Yen 91.55 Initial support is located at 90.92 (Oct 24 low) followed by 88.07 (Range Projection). Initial resistance is now at 92.88 (Dec 9 high) followed by 93.07 (Dec 9 high). Pound 1.5020 Initial support at 1.4736 (Dec 10 low) followed by 1.4679 (Dec 9 low). Initial resistance is now at 1.5082 (Dec 11 high) followed by 1.5213 (Nov 26 high). Australian Dollar 0.6705 Initial support at 0.6522 (Dec 10 low) followed by the 0.6453 (Dec 8 low). Initial resistance is now at 0.6801 (Dec 11 high) followed by 0.6986 (Nov 10 high). Gold 822 Initial support at 774 (Dec 10 low) followed by 763 (Dec 9 low). Initial resistance is now at 856 (Oct 15 high) followed by 871 (Oct 13 high). Currency Sup 2 Sup 1 Spot Res 1 Res 2 EUR/USD 1.2903 1.3000 1.3340 1.3405 1.3530 USD/JPY 88.07 90.92 91.55 92.88 93.07 GBP/USD 1.4679 1.4736 1.5020 1.5082 1.5213 AUD/USD 0.6453 0.6522 0.6705 0.6801 0.6986 XAU/USD 763.00 774.00 822.00 856.00 871.00 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