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News & Events
Chinese data showed strength with November industrial output rising 10.1 percent over the same month in 2011 to its best level since March and Japan’s hit a seven month high trading as high as 9.584. Investors await a U.S Federal Reserve policy meeting on Tuesday and Wednesday, after which central bank is expected to announce fresh bond purchases of $45 billion a month to replace Operation twist.
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Technical Analysis |
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Currency Pair |
EUR/USD |
GBP/USD |
EUR/GBP |
USD/JPY |
EUR/JPY |
EUR/CHF |
DOW |
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Resistance |
2 |
1.2950 |
1.6110 |
0.8105 |
83.25 |
107.95 |
1.2175 |
13400 |
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Resistance |
1 |
1.2915 |
1.6060 |
0.8080 |
82.80 |
107.10 |
1.2110 |
13250 |
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Market |
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1.2895 |
1.6020 |
0.8050 |
82.45 |
106.40 |
1.2070 |
13150 |
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Support |
1 |
1.2875 |
1.5995 |
0.8030 |
82.10 |
106.10 |
1.2035 |
12910 |
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Support |
2 |
1.2835 |
1.5960 |
0.8005 |
81.70 |
105.80 |
1.2005 |
12600 |
Trade Idea
EURUSD
Support is seen around 1.2875 level. A break and close below that level targets 1.2835, alternative a close above 1.2915 targets 1.2950.
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Disclaimer • Risk Warning
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