Market review for 21.09.2011: : Market participants are waiting for the results of the FOMC meeting. Euro started to drop.

Forex-Metal Daily Market Review and Technical Analysis Send to a Friend |  Visit our website |  Unsubscribe Thu 22 Sep  2011 Daily review for 21.09, 2011 Market review for 21.09.11: Market participants are waiting for the results of the FOMC meeting. Euro started to drop.     Asian and European trading sessions: Euro: The EUR/USD pair is trading in the range of $1.3680-$1.3720 during the Asian trading session. Later on the euro started to decrease against the US dollar, due to the European stock markets drop. Debt problems in Greece had negative impact on the investors' trading behaviour. Euro was decreasing up to the level of $1.3605. British Pound: The sterling was under pressure today after the UK economic growth negative forecasts, released by the budget committee.  The GBP/USD tested the $1.5620 minimums. Japanese Yen: The Japanese yen weakened against the greenback today. The USD/JPY pair traded in the range of Y76.20-Y76.30. Canadian Dollar: The Canadian inflation data, which turned out to be above expectations, resulted in the decrease of the Canadian dollar against the greenback.   American trading session: US Dollar: According to the released FOMC decision, the rate was left at the previous level of 0.25%. Following this publication, the greenback strengthened against the euro and the pound. The EUR/USD reached the $1.3700 mark, and the GBP/USD reached the $1.5600 mark.      technical analysis for 22.09, 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 reached support 1.54842 and is aiming to Fibonacci retracement 23% at 1.53482. Resistance:  1.54842, 1.58543, 1.60322 Support:  1.53482, 1.52063, 1.50594 USDCHF The pair has broken resistance 0.89635 and aiming to 0.91079. Resistance:  0.91079, 0.92026, 0.93069 Support:  0.89635, 0.88418, 0.87214 USDJPY If the pair stays below 76.463 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 declined to support at 1.00067. If this level is broken the pair will decline to 0.99207. Resistance:  1.00907, 1.01744, 1.02558 Support:  1.00067, 0.99207, 0.98436 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.