FX Technical Commentary

Daily Forex Technicals | Written by Easy Forex | Dec 22 08 01:35 GMT |

Euro 1.3960 Initial support at 1.3826 (Dec 19 low) followed by 1.3634 (50% retrace 1.2549 to 1.4719). Initial resistance is now located at 1.4310 (Dec 19 high) at followed by 1.4719 (Dec 18 high) Yen 89.60 Initial support is located at 87.14 (Dec 17 low) followed by 86.14 (Range Projection). Initial resistance is now at 90.03 (Dec 18 high) followed by 90.74 (Dec 16 high). Pound 1.4955 Initial support at 1.4813 (Dec 18 low) followed by 1.4679 (Dec 9 low). Initial resistance is now at 1.5187 (Dec 19 high) followed by 1.5616 (Dec 18 high). Australian Dollar 0.6815 Initial support at 0.6764 (Dec 18 low) followed by the 0.6663 (Dec 16 low). Initial resistance is now at 0.6927 (Dec 19 high) followed by 0.7139 (Dec 18 high). Gold 840 Initial support at 802 (dec 11 low) followed by 774 (Dec 10 low). Initial resistance is now at 881 (Dec 17 high) followed by 900 (Key Psychological round number). Currency Sup 2 Sup 1 Spot Res 1 Res 2 EUR/USD 1.3634 1.3826 1.3960 1.4310 1.4719 USD/JPY 86.27 87.14 89.60 90.03 90.74 GBP/USD 1.4679 1.4813 1.4955 1.5187 1.5616 AUD/USD 0.6663 0.6764 0.6815 0.6927 0.7139 XAU/USD 774.00 802.00 840.00 881.00 900.00 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