Market review for 28.09.2011: : Concerns over the situation in Europe are growing.

Forex-Metal Daily Market Review and Technical Analysis Send to a Friend |  Visit our website |  Unsubscribe Thu, 29 Sep  2011 Daily review for 28.09, 2011 Market review for 28.09.11: Concerns over the situation in Europe are growing.   Asian and European trading sessions: Euro: The Asian trading session demonstrated drop of the euro against the US dollar. During the European trading session the EUR/USD pair showed temporary maximum at the $1.3690 level, and then stepped back to the  $1,3640 range. The discussions over the increase of the European financial stability  fund supported the euro today. Germany is supposed to make a final decision this Thursday (the fund will be increased only if all the 17 countries participants' would agree upon this increase). US Dollar:  The greenback was supported during the European trading session, due to the negative dynamics of the European stock indices.    British Pound: The GBP/USD pair traded in the tight range of $1.5600-$1,5670. Japanese Yen: The Japanese yen strengthened  against the major currencies. And the demand for the Japanese yen grew, as for the save-heaven currency.    Gold: Gold finished the trading day today at the $ 1.595 per ounce.     American trading session: US Dollar: During the American trading session market participants tried to get rid of risky assets, and the EUR/USD decreased to the $1,3540 level, and the GBP/USD dropped to $1,5600. Concerns over the situation in Greece reinforced, and the major stock US indices decreased. Euro: According to the released information, the ECB would not increase the interest rates during its meeting planned for the October 6-th.           technical analysis for 29.09, 2011   EURUSD If the pair stays above Fibonacci retracement 50% at 1.34882 the pair will rise to 1.37486. Resistance: 1.35984, 1.37486, 1.38554 Support: 1.34882, 1.33143, 1.31674 GBPUSD The pair is rising to 1.56722. If this level is broken the pair will rise to 1.58543. Resistance: 1.56722, 1.58543, 1.60322 Support: 1.54842, 1.53482, 1.52063 USDCHF The pair may start corrections and decline to 0.88418. Resistance: 0.91079, 0.92026, 0.93069 Support: 0.88418, 0.87214, 0.85939 USDJPY If the pair stays below 76.463 the pair will decline to 75.425. If the pair stays above 76.463 the pair will rise to 77.539. Resistance: 77.539, 78.345, 79.070 Support: 76.463, 75.425, 74.414 AUDUSD The pair is trying to return to 0.98436. Resistance: 0.98436, 0.99207, 1.00067 Support: 0.97423, 0.96579, 0.95611 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.