To day My forex Analisis(Free Forex Signal)2012/01/02

Technical Analysis (Free Forex Signal)

EUR/USD

"Anti-euro bets are justified given the still-unresolved debt crisis and the poor growth prospects"
- Travelex Global Payments (based on CNBC)
The Euro - American Dollar pair is hovering below a tough resistance at 1.3000, while a key level is located at 1.3100/56.

EUR/JPY
"If the euro is going to be salvaged the market needs an injection of faith over the next few weeks. The Italian and Spanish auctions are key"
- Bank of New York Mellon (based on Reuters)
A close below 100.00 implies extension of the current dip, which may last up until 98.40 is contacted. However, this support is anticipated to hold the downward pressure and send the currency pair back up.

GBP/USD
"The UK's AAA rating is not as robust as it may otherwise be, but relatively, it stands out as a better credit than Europe"
- ING (based on Reuters)
Near-term outlook for GBP/USD is bearish. To overcome present weakness the pair has to pierce through a key resistance located at 1.5560/70.

USD/JPY
"While indicators point to some improvement in overall [US] labor market conditions, the unemployment rate remains elevated"
- FOMC (based on Bloomberg)
A breach of 77.00 is likely to trigger further sell off. At the moment USD/JPY is heading toward initial support zone at 76.65/50, while a subsequent area is at 76.22/15.

USD/CHF
"There’s still a very high level of unemployment despite the improvement that we’re seeing. There’s still a long way to go [for the US economy]"
- Credit Suisse (based on Bloomberg)

As long as the currency couple is supported by a strong area situated at 0.9350/60, the bias remains bullish.

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