Market review for 12.10.2011: : The euro reached its 3-week maximum against the US dollar.

Forex-Metal Daily Market Review and Technical Analysis Send to a Friend |  Visit our website |  Unsubscribe Thu, 13 Oct  2011 Daily review for 12.10, 2011 Market review for 12.10.11: The euro reached its 3-week maximum against the US dollar.   Asian and European trading sessions: Euro: The EUR/USD pair traded with a decrease during the Asian trading session against the uncertainty with the situation in Europe. During the European session the pair showed increase up to the $1,3800 level. Released Euro-zone fundamentals supported the rapid growth of the euro. The industrial production figure turned out to be above the forecast (5.3% against the expected 2.1%). The EUR/USD maximums were reached at the $1.3815 mark. US Dollar: The US dollar lost its previously won positions as the demand for the save-heaven currencies decreased.   British Pound: The GBP/USD pair showed increased in spite of the released negative UK labor figures. In particular, the Unemployment rate grew above expectations. The GBP/USD reached maximums in the range of  $1.5785. Japanese Yen: The USD/JPY pair traded around the Y76.70 mark. Its maximum has been reached at the Y77.47 level.   American trading session: US Dollar: Greenback weakened against its major competitors in the threshold of the FOMC meeting minutes publication.                                New-Zealand Dollar: The New-Zealand dollar grew against the greenback, as the commodity currencies increased, which resulted in the high-risk assets growth. 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:  1.38554, 1.39600, 1.40690 Support:  1.37486, 1.35984, 1.34882 GBPUSD The pair has broken 1.56722 and started to work out Double Bottom. The end of the figure is at 1.58543. Resistance:  1.58543, 1.60322, 1.62050 Support:  1.56722, 1.54842, 1.53482 USDCHF The pair has declined 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 is aiming to test Moving Average (100) at 1.02879. Resistance:  1.02558, 1.03535, 1.04407 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.