European unemployment reduces the euro rate.
Asian and European trading sessions:
Euro: Euro dropped against the main currencies after the release of the unemployment in Italy and in the EC in a whole. Employment volume turned out to be much worse than expected.
Both sessions the EUR/USD pair traded in the range of $1.4118-$1,3906.
US Dollar: US dollar grows against the background of the increased demand for the safe-haven assets and decreased world stock indices.
British Pound: The GBP/USD pair showed minimums around the $1.5960 mark and later on recorded its highs at the $1.6163 level.
Japanese Yen: The yen dropped today against the US dollar after the intervention by the Japanese government, aimed to weaken the national currency. The USD/JPY pair marked its today high at Y79.50 and then reduced to Y78,03.
Australian Dollar: The Australian dollar dropped against the greenback in anticipation of the Reserve Bank of Australia meeting, which could result in the reduction of the interest rate, according to the forecasts.
American trading session:
The EUR/USD pair marked it today’s low at $1.3828.
British pound showed considerable growth and reached its maximum against the greenback at the $1.6164 rate.
Technical analysis for 1/11
EURUSD
If the pair stays below Fibonacci 61% 1.38868 the pair will decline to the Moving Average (500) at 1.35984.
Resistance: 1.38554, 1.39600, 1.40690
Support: 1.37486, 1.35984, 1.34882
GBPUSD
If the pair stays above the Moving Average (200) at 1.60322 the pair will continue rising to 1.62050 and 1.63316.
Resistance: 1.62050, 1.63316, 1.64636
Support: 1.60322, 1.58543, 1.56722
USDCHF
The pair has found support at the Moving Average (100) and trying to rise to 0.88418.
Resistance: 0.88418, 0.89635, 0.91079
Support: 0.87214, 0.85939, 0.84685
USDJPY
The pair corrected to the Moving Average (200) at 79.070 and rolled back to support 78.345.
Resistance: 79.070, 79.707, 80.438
Support: 78.345,77.539, 76.463
AUDUSD
The pair’s resistance is 1.06164, support is 1.05332.
Resistance: 1.06164, 1.07005, 1.07739
Support: 1.05332, 1.04407, 1.03535