A rather quiet consolidatory start to the week.
November 12, 2012 Leave a comment
Euro/USD: A really quiet start to the week with the Euro effectively consolidating throughout the session between the tight parameters of resistance at 1.2740 and support in and around the 1.2698 zone. The European day finally closed at 1.2712.
GBP/USD: The GBP eased slightly during a rather quiet session and with early strength being restricted by resistance in the 1.5916 area values drifted towards 1.5865 during the balance of the day. The market finally closed in and around the 1.5873 region.
Euro/JPY: This pairing also tracked sideways for the entire European session with strength being restricted around 10130 and weakness being cushioned in the 10087 zone. The Day came to an end at 10095.
GBP/Euro: The GBP lost a little ground against the Euro today and with early strength being restricted by resistance in the 1.2520 area values drifted lower for the balance of the session. Support re-emerged in the 1.2466 zone ahead of finally closing at 1.2486.