Technical Analysis

Technical Analysis
EUR/USD
Daily maximum: 1.3236
Daily minimum: 1.3162
The pair committed a correction after the German ZEW Economic Sentiment declined less than expected, reaching -53.8 versus estimated -56.1 while Spain sold more debt than it had planned. The forecast mean has been touched.
Daily Resistance: 1.3324; 1.3461; 1.3542. Daily Support: 1.3106; 1.3025; 1.2888. Daily Bias: Bearish.

EUR/JPY
Daily maximum: 102.98
Daily minimum: 102.43
The common European currency inched lower today, crossing the daily target at 102.98 as investors favour buying Japanese yens on EU debt concerns.
Daily Resistance: 103.53; 104.34; 104.79. Daily Support: 102.27; 101.82; 101.01. Daily Bias: Strongly bearish.

GBP/USD
Daily maximum: 1.5629
Daily minimum: 1.5566
The British pound rebounded today after the Retail Price Index rose more than expected, inspiring optimism among investors and causing the market daily target at 1.5589 to breach.
Daily Resistance: 1.5647; 1.5713; 1.5768. Daily Support: 1.5526; 1.5471; 1.5405. Daily Bias: Neutral.

USD/JPY
Daily maximum: 77.96
Daily minimum: 77.64
USD/JPY is trading in the 77-78 price channel as investors remain concerned over the European long-term economic prospects, thus the daily forecast mean at 77.83 has been pierce.
Daily Resistance: 78.09; 78.28; 78.57. Daily Support: 77.61; 77.32; 77.13. Daily Bias: Neutral.

USD/CHF
Daily maximum: 0.9386
Daily minimum: 0.9342
The pair continues its rally as investors turn positive before the FOMC Statement release today. Meanwhile, the daily mean at 0.9346 has been successfully breached.
Daily Resistance: 0.9424; 0.9476; 0.9565. Daily Support: 0.9283; 0.9194; 0.9142. Daily Bias: Strongly bullish.