Market review for 10.10.2011: : Euro showed its considerable growth against the greenback.

Forex-Metal Daily Market Review and Technical Analysis Send to a Friend |  Visit our website |  Unsubscribe Tue, 11 Oct  2011 Daily review for 10.10, 2011 Market review for 10.10.2011: Euro showed its considerable growth against the greenback.   Asian and European trading sessions: Euro: The euro demonstrated a considerable growth against the greenback during the Asian trading session today. One of the reasons for this rally was based on the fact that France and Germany announced of the reached consensus in terms of providing support to the European banks. The maximum level has been reached at the $1.36989 mark by the EUR/USD pair. US Dollar: US Dollar dropped against its main competitors against the background of the main stock indices stabilization.   British Pound: The sterling showed a rapid growth as well as the euro. The GBP/USD pair reached the $1.5663 during the Asian session, and the European maximum has been reached already at the $1.5892 mark. Japanese Yen: The USD/JPY pair traded in the Y76.56 - Y76.76 range.   American trading session: US Dollar: The US dollar dropped against the major currencies, as demand for the greenback as a save-heaven asset decreased. Australian Dollar: Australian dollar demonstrated its parity with the US dollar today. Gold: Showed growth to the $1680 mark per ounce.     technical analysis for 11.10, 2011   EURUSD The pair has broken Fibonacci retracement 50% at 1.34882 and aiming to the next Fibonacci level 61% at 1.38871. Resistance:  1.37486, 1.38554, 1.39600 Support:  1.35984, 1.34882, 1.33143 GBPUSD The pair has returned to the resistance 1.56722. If the pair breaks this level the will start to work out Double Bottom figure, the end of the figure is at 1.58543. Resistance:  1.56722, 1.58543, 1.60322 Support:  1.54842, 1.53482, 1.52063 USDCHF The pair is aiming to 0.89635. 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. 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 has reached resistance 1.00067. If the pair stays below this level the pair will decline to 0.99207. Resistance:  1.00067, 1.00907, 1.01744 Support:  0.99207, 0.98436, 0.97423   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.