Market review for 11.10.2011: : The euro decreased in the threshold of the voting over the EFSF expansion.

Forex-Metal Daily Market Review and Technical Analysis Send to a Friend |  Visit our website |  Unsubscribe Wed, 12 Oct  2011 Daily review for 11.10, 2011 Market review for 11.10.11: The euro decreased in the threshold of the voting over the EFSF expansion.   Asian and European trading sessions: Euro: The euro traded in the narrow range after the yesterday's rapid growth against the greenback.  The EUR/USD traded around the $1.3615 - $1.3650 levels during the Asian trading session. The euro dropped in the threshold of the voting at the Slovakian Parliament regarding the European Financial Support Fund expansion. As a result, the euro decreased and the EUR/USD pair temporarily dropped to the $1.3574 minimums. US Dollar: Due to the fact that the European summit has been postponed, the US dollar strengthened against the major currencies against the background of the decreased stock markets. British Pound: The pound was pressured by the expectations for the negative forecast of the UK industrial production figures. The GBP/USD pair traded in the range of $1.5611-$1.5662. Japanese Yen: The USD/JPY pair traded in the narrow range of Y76.59 –Y76.75. Australian Dollar: The released Business Conditions index from the National Bank of Australia happened to be positive, while its previous level was negative. Therefore, the Australian dollar managed to reach parity with the greenback again.   American trading session: Oil: The oil prices dropped today after the statement of the head of the ECB, Jean-Claude Trichet, that the debt crises poses a threat on the financial system as a whole. The WTI rate decreased to the $83.98 per barrel minimums.                         Gold: The gold prices decreased as well. The yellow metal closed the trading week at the $1665.92 mark per ounce.         technical analysis for 12.10, 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 is aiming to 1.54842. Resistance:  1.56722, 1.58543, 1.60322 Support:  1.54842, 1.53482, 1.52063 USDCHF The pair is 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. 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 1.99207. If the pair stays below this level the pair will decline to 0.98436. 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.