FX Technical Commentary

Written by Easy Forex | Feb 16 09 01:26 GMT |

Euro 1.2810 Initial support at 1.2722 (Feb 12 low) followed by 1.2707 (Feb 2 low). Initial resistance is now located at 1.2821 (Feb 13 low) at followed by 1.2998 (Feb 11 high) Yen 91.40 Initial support is located at 90.54 (Feb 13 low) followed by 89.71 (Feb 11 low). Initial resistance is now at 92.04 (Feb 13 high) followed by 92.42 (Feb 9 high). Pound 1.4240 Initial support at 1.4137 (Feb 12 low) followed by 1.3929 (Jan 27 low). Initial resistance is now at 1.4415 (Feb 12 high) followed by 1.4565 (Feb 11 high). Australian Dollar 0.6535 Initial support at 0.6523 (Feb 13 low) followed by the 0.6432 (Feb 12 low). Initial resistance is now at 0.6643 (Feb 13 high) followed by 0.6798 (Feb 10 high). Gold 942 Initial support at 911 (Feb 11 low) followed by 889 (Feb 3 low). Initial resistance is now at 950 (Key level) followed by 952 (Feb 12 high). Currency Sup 2 Sup 1 Spot Res 1 Res 2 EUR/USD 1.2707 1.2722 1.2810 1.2821 1.2998 USD/JPY 89.71 90.54 91.40 92.04 92.42 GBP/USD 1.3929 1.4137 1.4240 1.4415 1.4565 AUD/USD 0.6432 0.6523 0.6535 0.6643 0.6798 XAU/USD 889.00 911.00 942.00 950.00 952.00 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