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TECHNICAL COMMENTARY
By: Easy Forex - 17-11-2008
0votesCurrency
Sup 2
Sup 1
Spot
Res 1
Res 2
EUR/USD
1.2330
1.2389
1.2540
1.2855
1.2930
USD/JPY
93.20
94.48
95.95
98.19
99.48
GBP/USD
1.4393
1.4558
1.4660
1.4992
1.5481
AUD/USD
0.6246
0.6339
0.6375
0.6484
0.6696
XAU/USD
682.41
700.00
743.00
753.00
768.21
· Euro – 1.2540
Initial support at 1.2389 (Nov 13 low) followed by 1.2333 (Oct 28 low). Initial resistance is now located at 1.2855 (Nov 13 low) at followed by 1.2930 (Nov 10 high)
· Yen – 95.95
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 98.19 (Nov 13 high) followed by 99.48 (Nov 10 high).
· Pound – 1.4660
Initial support at 1.4558 (Nov 13 low) followed by 1.4393 (Range protection). Initial resistance is now at 1.4992 (Nov 14 high) followed by 1.5481 (Nov 12 high).
· Australian Dollar – 0.6375
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 0.6484 (Nov 14 low) followed by 0.6696 (Nov 14 high).
· Gold – 743
Initial support at 700 (Nov 13 low) followed by 682 (Oct 24 low). Initial resistance is now at 753 (Nov 12 high) followed by 768.21 (Nov 10 high).
Next Analysis: Forex Trading News: A Look at the JPYContent 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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