FX Technical Commentary

Daily Forex Technicals | Written by Easy Forex | May 11 09 01:12 GMT |

Euro 1.3620 Initial support at 1.3247 (May 6 low) followed by 1.3212 (38.2% retrace 1.2889-1.3736). Initial resistance is now located at 1.3628 (May 8 high) followed by 1.3739 (Mar 19 high) Yen 98.75 Initial support is located at 97.94 (May 6 low) followed by 97.15 (Apr 30 low). Initial resistance is now at 99.75 (Apr 17 high) followed by 100.43 (Apr 14 high). Pound 1.5210 Initial support at 1.4836 (May 4 low) followed by 1.4704 (Apr 30 low). Initial resistance is now at 1.5231 (May 8 high) followed by 1.5373 (Jan 8 high). Australian Dollar 0.7685 Initial support at 0.7337 (May 6 low) followed by the 0.7233 (Apr 30 low). Initial resistance is now at 0.7738 (Oct 6 high) followed by 0.8097 (Sept 30 high). Gold 917 Initial support at 895 (May 6 low) followed by 878 (Apr 21 low). Initial resistance is now at 933 (Apr 1 high) followed by 945 (Mar 26 high). Currency Sup 2 Sup 1 Spot Res 1 Res 2 EUR/USD 1.3212 1.3247 1.3620 1.3628 1.3739 USD/JPY 97.15 97.94 98.75 99.75 100.43 GBP/USD 1.4704 1.4836 1.5210 1.5231 1.5373 AUD/USD 0.7233 0.7337 0.7685 0.7738 0.8097 XAU/USD 878.00 895.00 917.00 933.00 845.00 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