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Daily Technical Analysis by FXCC November 24

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Daily Technical Analysis by FXCC November 24

Postby alayoua » Thu Nov 24, 2011 9:11 am

Daily Technical Analysis by FXCC November 24

Euro vs US Dollar EURUSD maintains a bid tone for now.
Break above (1.35785) may trigger further recovery of the EURUSD. Going bellow latest swing low at (1.32635), however, would confirm continuation of the bearish trend, towards next objective downwards (1.29750).
Try to sell on rallies with a stop loss above (1.35785).

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R1: 1.33972 | R2: 1.34468 | R3: 1.35178 | R4: 1.35685 | R5:1.36141
S1: 1.32635 | S2:1.31861 | S3: 1.30524 | S4: 1.29750 | S5: 1.29350



Great Britian Pound vs US Dollar The outlook has grown increasingly bearish since GBPUSD had remained below its latest swing high at (1.57016).
If this resistance level is broken to the upside, the outlook will deteriorate.
We will try to sell GBPUSD from our mentioned resistance levels.

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R1: 1.56122 | R2: 1.56913 | R3: 1.57620 | R4: 1.58126 | R5:1.58721
S1: 1.54594 | S2:1.53970 | S3: 1.52993 | S4: 1.52369 | S5: 1.51869



US Dollar vs Japanise Yen USDJPY is at a crossroads, where it is recommended to evaluate the development of the activity of both parties.
A close above (77.680) will call for (78.575), and Loss of (76.735) sees (76.296).
We prefer to wait for break of upper or lower barrier.

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R1: 77.606 | R2: 77.920 | R3: 78.261 | R4: 78.575 | R5:78.916
S1: 76.951 | S2:76.610 | S3: 76.296 | S4: 75.955 | S5: 75.655


Source: FX Central Clearing Ltd. (FXCC)
http://www.fxcc.com/tech-analysis
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alayoua
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