Market review for 26.09.2011: : Disappointment of the market is still very strong.

Forex-Metal Daily Market Review and Technical Analysis Send to a Friend |  Visit our website |  Unsubscribe Tue 27 Sep  2011 Daily review for 26.09, 2011 Market review for 26.09.11: Disappointment of the market is still very strong.   Asian and European trading sessions: Euro: The G20 meeting, that took place in Washington this weekend, did not bring any stability to the market, since no decision has been agreed upon regarding the crises. The Euro reacted with a decrease against the competitors. Problems in Greece continued to pressure the euro. And according to the released information, the IMF was considering writing off 50% of the Greek debt. As a result, the EUR/USD pair dropped to the $1,3370 minimums. During the European trading session the release of the positive economic indicators supported the euro and the EUR/USD grew to the $1.3542 region. The German Business climate IFO indicator turned out to be above expectations. British Pound: The GBP/USD pair traded in the range of $1.5430 - $1.5460, and its maximum has been reached during the European trading session at the $1.5552 level. Japanese Yen: The Japanese yen lost its positions against the greenback, and the USD/JPY pair traded in the range of Y76.227 - Y76.517. New Zealand Dollar: Investors' unwillingness to take risks was still pressuring the demand for the risky assets, and the New-Zealand dollar was weakening.   American trading session: By the end of the day the euro strengthened at the level of $1,3530, and the sterling reached the $1,5560 level.      technical analysis for 27.09, 2011   EURUSD The pair has broken Fibonacci retracement 50% at 1.34882 and aiming to 1.33143. Resistance:  1.34882, 1.35984, 1.37486 Support:  1.33143, 1.31674, 1.30277 GBPUSD If the pair stays below 1.54842 the pair will decline 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 reached Moving Average (200) at 0.86376 and may roll back to 0.84685. Resistance:  0.85939, 0.87214, 0.88418 Support:  0.84685, 0.83541, 0.82483 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 reached support at 0.97423. If the pair breaks it the pair will decline to 0.96579. Resistance:  0.98436, 0.99207, 1.0067 Support:  0.96579, 0.95611, 0.94635 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.