Market review for 08.11.2011: Market participants are looking forward for the voting results in the Italian Parliament.

Forex-Metal Daily Market Review and Technical Analysis Send to a Friend |  Visit our website |  Unsubscribe Wed, 09 Nov  2011 Daily review for 08.11. 2011 Market participants are looking forward for the voting results in the Italian Parliament.     Asian and European trading sessions: Euro: Today's trading dynamics of the euro was influenced by the situation in Italy, and the market participants' reaction to the voting in the Parliament regarding the country's budget and possible resignation f the Prime Minister of Italy.  Euro was under pressure during the Asian trading session. The EUR/USD pair traded in the range of $1.3720-$1,3770. After the meeting of the Italian President and the Prime Minister Berlusconi, it was announced that the Prime Minister will resign. This lead to the growth of the euro against the US dollar.  US Dollar: The demand for the save-heaven assets grew and the greenback strengthened. British Pound: The GBP/USD pair traded in the range of $1.6034-$1,6098. Japanese Yen: The USD/JPY pair traded around the Y78,00 level, and showed minimums at the Y77.6 mark.   American trading session: Canadian Dollar: Canadian dollar grew against the major 16 currencies after the three-months' maximum which was reached by the oil. Japanese Yen: The yen reached its maximums against the US dollar today after the last intervention by the National Bank of Japan.       technical analysis for 09.11, 2011   EURUSD The pair is aiming to Fibonacci 61% at 1.38554. Resistance:  1.38554, 1.39600, 1.40690 Support:  1.37486, 1.35984, 1.34882 GBPUSD The pair stays above Moving Average (200) and resistance 1.60322 it may bring pair to 1.62050. Resistance:  1.62050, 1.63316, 1.64636 Support:  1.60322, 1.58543, 1.56722 USDCHF The pair has broken resistance 0.89635 and trying to rise to 0.91079. If the pair stays below 0.89635 the pair will decline to 0.88418. Resistance:  0.91079, 0.92026, 0.93069 Support:  0.89635, 0.88418, 0.87214 USDJPY The pair has declined to 78.345 and aiming to 77.539. If the pair breaks 77.539 the pair will decline to 76.463. Resistance: 78.345, 79.070, 79.707 Support:  77.539, 76.463, 75.425 AUDUSD The pair may try to break the Moving Average (200) 1.03178 and decline to 1.02558. Resistance:  1.03535, 1.04407, 1.05332 Support:  1.02558, 1.01744, 1.00907                       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.