Key currencies (EUR/USD, GBP/USD) Daily Forecast - 25 Nov, 2011

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Worldwide Marketing Service

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Nov 24, 2011, 4:32:16 PM11/24/11
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DAILY FOREX FORECAST FROM TRADING CENTRAL (QUOTES) FOR 25 NOV, 2011

EUR/USD


 
Pivot: 1.343

Our preference: Short positions below 1.343 with targets @ 1.331 & 1.3275 in extension.

Alternative scenario: Above 1.343 look for further upside with 1.348 & 1.354 as targets.

Comment: the pair has struck against its resistance and is challenging its previous low.

GBP/USD

GBP/USD intraday: the downside prevails.  

Pivot: 1.557

Our preference: Short positions below 1.557 with targets @ 1.548 & 1.5435 in extension.

Alternative scenario: Above 1.557 look for further upside with 1.561 & 1.569 as targets.

Comment: the pair is on the downside and is challenging its support.


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