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Moody’s lowered France’s sovereign rating by one notch to Aa1
Tuesday, 20 November 2012 06:00 GMT+2
News & Events
 
Moody’s lowered France’s sovereign rating by one notch to Aa1, stripping the country of its covered triple-A rating with rating outlook remains negative. The Bank of Japan kept monetary policy steady but warned of weakness in exports, output and capital expenditure due to a slowdown in overseas economies. Reserved Bank of Australia said more interest-rate reductions may be appropriate to spur economic growth, minutes of its policy meeting showed today. Eurogroup meetings and Building permits in the U.S as well as a speech from Federal Reserve Chairman Ben Bernake can cause volatility in the market.
 
Technical Analysis
Currency Pair EUR/USD GBP/USD EUR/GBP USD/JPY EUR/JPY EUR/CHF DOW
Resistance 2 1.2910 1.6030 0.8100 82.15 104.90 1.2175 13000
Resistance 1 1.2855 1.5965 0.8065 81.75 104.50 1.2110 12850
Market   1.2805 1.5915 0.8045 81.25 104.04 1.2045 12745
Support 1 1.2780 1.5860 0.7965 80.80 103.75 1.2035 12600
Support 2 1.2715 1.5800 0.7905 79.80 103.10 1.2005 12400
 
 
Trade Idea
 
EURUSD
 
Resistance remains at 1.28. A clear break that level could lead price to 1.2855.  On the downside a break and close below 1.2780 targets 1.2715 level
20112012-eurusd.gif
 
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