7th March 2011 – FX Daily Report by GFM Research

Euro gained almost 1.75 percent against dollar last week. Immediate support and resistance of EURUSD are 1.3910 and 1.4015 respectively. DJ closed lower at 12169.88 on Friday against previous close of 12258.20. Dow showed crisscross well in range of 11983-12284 last week. Silver settled strong at $35.48 on Friday after hitting 31 years high of $35.55.

 


FX Pair        Support 2         Support 1        Resistance 1          Resistance 2


EURUSD          1.3720               1.3910               1.4015                    1.4158
GBPUSD          1.5991               1.6170               1.6280                    1.6349
USDCHF           0.9090               0.9200               0.9461                    0.9546
USDJPY             81.37                 82.94                 82.75                     83.10
EURJPY           113.40               114.24                115.98                   116.27
AUDUSD          0.9962               1.0091                1.0220                        –


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Disclaimer: This report contains the views of GFM Research Private Limited. This report should not be construed as investment/trading advice. Due care is taken when gathering the data/information and the data sources are believed to be reliable, though GFM Research Private Limited nor its Group Companies guarantee for the same. Trading/investing in financial markets may result in financial and/or emotional stress, a trader/investor is advised to weigh pros and cons of trading/investing. Further disclaimer will be produced on request.