Market review for 09.11.2011: Against the background of the worsening situation in Italy, the euro lost about 310 points today.

Forex-Metal Daily Market Review and Technical Analysis Send to a Friend |  Visit our website |  Unsubscribe Thu, 09 Nov  2011 Daily review for 09.11. 2011 Against the background of the worsening situation in Italy, the euro lost about 310 points today.   Asian and European trading sessions: Euro: Euro decreased today during the Asian and European sessions because the hope for resolving the political and debt problems in Italy and Greece were not justified. The EUR/USD pair steeply fell to the area of ??$1.3605 area. US Dollar: The US dollar strengthened against the majority of its main competitors, because of the increased demand for "safe-haven" status currencies. British Pound: The GBP/USD pair fell below the $1.5940 mark. Japanese Yen: The yen rose against most currencies, despite of the fact that the BOJ promised to weaken its national currency. The USD/JPY pair traded in the Y77.52 - Y77.75 range. Traders continued to see the yen as a safe-haven currency.   American trading session: The New Zealand dollar: The New Zealand dollar also fell against major currencies after the slowdown in consumer prices and industrial production in China. US Dollar: The U.S. dollar rose today, because of the increased demand for the safe-haven currency and the declined yield on the 10 - year U.S. bonds. Gold: Today the December gold futures on the COMEX traded in the range of 1778-1802 USD per ounce.           technical analysis for 10.11, 2011   EURUSD The pair has reached Fibonacci 50% at 1.35015 and may roll back to 1.35984. Resistance:  1.35984, 1.37486, 1.38554 Support:  1.34882, 1.33143, 1.31674 GBPUSD The pair has broken daily channel and may decline to the Moving Average (500) at 1.57826. Resistance:  1.60322, 1.62050, 1.63316 Support:  1.58543, 1.56722, 1.54842 USDCHF The pair has broken resistance 0.89635 and reached resistance 0.91079. Now the pair is rolling back.  Resistance:  0.91079, 0.92026, 0.93069 Support:  0.89635, 0.88418, 0.87214 USDJPY 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 has declined to the median line which is the support level at 1.00907. Resistance:  1.01744, 1.02558, 1.03535 Support:  1.00907, 1.00067, 0.99207                       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.