Market review for 19.09.2011: Euro is loosing its positions against the greenback.

Forex-Metal Daily Market Review and Technical Analysis Send to a Friend |  Visit our website |  Unsubscribe Tue 20  Sep  2011 Daily review for 19.09, 2011 Market review for 19.09.11: Euro is loosing its positions against the greenback.   Asian and European trading sessions: Euro: The Euro started this week with the losses against the greenback, since European leaders could not come to a mutual decision on how to stop spreading of the debt crises in the EU. Investors were very negative towards the euro, and the EUR/USD showed minimums below the $1.3600. The pair traded in the range of $1.3586-$1.3720. US Dollar: The dollar strengthened against the main currencies against the background of the world major stock markets drop, which lead to the increased demand for the safe heaven currencies.   Australian Dollar: Speculations in regards to the possible interest rate reduction by the Reserve Bank of Australia pressured the national currency, and the Australian dollar dropped against the greenback. Investors are waiting for the last minutes of the RBA meeting to be published tomorrow. British Pound: The sterling renewed its yearly minimum around the $1.5630. Later on the GBP/USD managed to rehabilitate and reach the $1.5725 range.  Japanese Yen: The USD/JPY decreased to the Y76.60 level.   American trading session: Euro: American session demonstrated a change in the trading dynamics. Greenback started to weaken against the major competitors.  The new stage of the negotiations between the representatives of Greece, Euro-zone, IMF and the ECB has been called "efficient".  A new spin of optimism pushed euro to its temporary maximum of $1.3700, and the pound strengthened above the $1.5700.         technical analysis for 20.09, 2011   EURUSD The pair is aiming to Fibonacci retracement 50% at 1.34882. Resistance:  1.37486, 1.38554, 1.39600 Support:  1.35984, 1.34882, 1.33143 GBPUSD The pair has declined to support level of Moving Average (500) and median line at 1.56722. Resistance:  1.58543, 1.60322, 1.62050 Support:  1.56722, 1.54842, 1.53482 USDCHF The pair's resistance is 0.89635, support is 0.87214. If 0.87214 is broken the pair will decline to 0.85939. Resistance:  0.88418, 0.89635, 0.91079 Support:  0.87214, 0.85939, 0.84685 USDJPY The pair could not break 77.539 and aiming to 76.463. If 76.463 is broken the pair will decline to 75.425. Resistance: 77.539, 78.345, 79.070 Support:  76.463, 75.425, 74.414 AUDUSD The pair has broken 1.02558 and aiming to 1.01744. Resistance:  1.02558, 1.03535, 1.04407 Support:  1.01744, 1.00907, 1.00067   Useful Links Discuss currency news with other traders in FX2Day forum: https://fx2day.net/forum/mvnforum/index Download free demo platform: https://forex-metal.com/home/download Ready to open a real account to start trading? You can do it here: https://forex-metal.com/accounts/new Did you know that you can earn commission simply for referring a friend to us? There are 3 commission options you can choose from. To learn more please visit our Introducing Brokers page: https://forex-metal.com/broker_inquiries/new Watch our new commercial at YouTube: http://www.youtube.com/watch?v=o0fQEydv-3M Open Account |  Economic Calendar |  PIP Value Calculator |  Forex for Beginners   Forex Metal T: 1-866-464-0944 F: 1-800-689-8298 E: info@forex-metal.com You are receiving this e-mail because you have subscribed to free daily FX news via Forex-Metal.com website. If you do not want to receive any e-mail messages from us please send a message to support@forex-metal.com with UNSUBSCRIBE in the subject line. Please do not reply to this newsletter.