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TECHNICAL COMMENTARY
By: Easy Forex - 13-11-2008
0votesCurrency
Sup 2
Sup 1
Spot
Res 1
Res 2
EUR/USD
1.2134
1.2330
1.2465
1.2468
1.2800
USD/JPY
93.20
94.48
95.70
98.08
99.48
GBP/USD
1.4842
1.4895
1.4915
1.5481
1.5702
AUD/USD
0.6246
0.6339
0.6405
0.6663
0.6758
XAU/USD
707.00
710.00
713.00
750.00
770.00
· Euro – 1.2465
Initial support at 1.2330 (Oct 28 low) followed by 1.2134 (50% retracement of 0.8229-1.6038 major rally). Initial resistance is now located at 1.2468 (Nov 12 low) at followed by 1.2800 (Nov 11 high)
· Yen – 95.70
Initial support is located at 94.48 (Nov 12 low) followed by 93.20 (76.4% retracement of 90.92-100.57 rally). Initial resistance is now at 98.08 (Nov 12 high) followed by 99.48 (Nov 10 high).
· Pound – 1.4915
Initial support at 1.4895 (Nov low) followed by 1.4842 (Oct 2001 high). Initial resistance is now at 1.5481 (Nov 12 high) followed by 1.5703 (Nov 11 high).
· Australian Dollar – 0.6405
Initial support at 0.6339 (Oct 29 low) followed by the 0.6246 (76.4% retracement of 0.6009-0.7015 rally). Initial resistance is now at 0.6663 (Nov 1 high) followed by 0.6758 (Nov 11 high).
· Gold – 713
Initial support at 710 (Nov 12 low) followed by 707.5 (Oct 27 low). Initial resistance is now at 750 (Nov 11 high) followed by 770 (Nov 5 high).
Next Analysis: Eur/USDContent Provided by:
Easy Forex
Easy-Forex™ Trading Platform, founded by a group of bankers, Forex and Internet experts, offers Forex traders direct access to the global currency markets. Easy-Forex™ revolutionary Online FX trading platform is the first online FX trading system allowing clients to deal Forex as a consu
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