FX Technical Commentary

Daily Forex Technicals | Written by Easy Forex | Jun 03 09 04:00 GMT |

Euro 1.4285 Initial support at 1.4100 (Jun 1 low) followed by 1.3926 (May 29 low). Initial resistance is now located at 1.4364 (Dec 29 high) followed by 1.4621 (61.8% retrace 1.6038-1.2330) Yen 95.45 Initial support is located at 94.43 (Mar 25 low) followed by 93.52 (Mar 19 low). Initial resistance is now at 97.24 (May 28 high) followed by 98.82 (May 11 high). Pound 1.6555 Initial support at 1.6163 (Jun 1 low) followed by 1.6085 (May 27 low). Initial resistance is now at 1.6672 (Oct 30 high) followed by 1.6739 (61.8% retrace 1.8669- 1.3503). Australian Dollar 0.8185 Initial support at 0.7991 (Jun 1 low) followed by the 0.7803 (May 29 low). Initial resistance is now at 0.8378 (Sep 26 high) followed by 0.8519 (Sep 22 high). Gold 983 Initial support at 959 (May 29 low) followed by 941 (May 26 low). Initial resistance is now at 1006 (Feb 20 high) followed by 1032 (Mar 17 high). Currency Sup 2 Sup 1 Spot Res 1 Res 2 EUR/USD 1.3926 1.4100 1.4285 1.4364 1.4621 USD/JPY 93.54 94.43 95.45 97.24 98.82 GBP/USD 1.6085 1.6163 1.6555 1.6672 1.6739 AUD/USD 0.7803 0.7991 0.8185 0.8378 0.8519 XAU/USD 941.00 959.00 983.00 1006.00 1032.00 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