Market review for 21.02.12: The market reacted positively on the decision of providing assistance to Greece.

Forex Metal Daily Newsletter Send to a Friend |  Visit our website |  Unsubscribe Wednesday, 22 Feb 2012 Daily review for 21.02, 2012 The market reacted positively on the decision of providing assistance to Greece.     Asian and European trading sessions:   Euro: The euro boosted against almost all its competitors after the report of an agreement for providing assistance to Greece. The EUR / USD pair rocketed to the highs of $1.3295 in just 30 min time period.  During the European trading session the euro currency pulled down giving back 100 pips on fears that the reaching agreement on financial aid to Greece will not be the end of the current debt crisis. The EUR/USD pair dropped to the lows of $1.3198.     British Pound: The GBP/USD couple traded today in a range of $1.5863 to $1.5722 during both sessions.     Australian dollar: After the announcement of the Reserve Bank of Australia on the Board February Minutes Event on the existing potential for further lowering of interest rates due to an economic slowdown, the Australian dollar weakened against all its competitors.       American trading session:   Japanese Yen:  The Yen fell for the fourth consecutive day against other currencies, showing that the interest of investors has changed and they likely to buy higher-yielding assets then hold the Japanese currency instead.   Gold: The price of gold grew on the news of the Euro group decision to grant Greece a second package of financial assistance amounting to 130 billion euro. The cost of the February gold futures today went up to 1757 dollars per ounce.       Oil: Oil rose to its highest level of nine months against the U.S dollar to 106.44 dollars per barrel against the decision on granting aid to Greece. March WTI futures closed this day at the level of $105.90.   ________________________________________________________________________    TECHNICAL ANALYSIS for 22.02, 2012   EURUSD The pair has risen to the resistance level at 1.33143. Support is at 1.31674. Resistance:  1.33143, 1.34882, 1.35984 Support:  1.31674, 1.30277, 1.28630 GBPUSD The pair has risen to 1.58543 and rolling back to 1.56722.  Resistance:  1.58543, 1.60322, 1.62050 Support:  1.56722, 1.54842, 1.53482 USDCHF The pair will try to decline to the Moving Average (200) at 0.90565. Resistance:  0.92026, 0.93069, 0.93949 Support:  0.91079, 0.89635, 0.88418 USDJPY The pair has risen to 79.707. The pair is trying to continue rising and aiming to 80.438. Resistance: 80.438, 81.399, 82.219 Support:  79.707, 79.070, 78.345 AUDUSD The pair has declined to 1.06164 and may break this level and decline to 1.05332. Resistance: 1.07005, 1.07739, 1.08413 Support: 1.06164, 1.05332, 1.04407           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.