Daily Technical Analysis by FXCC November 03

Daily Technical Analysis by FXCC November 03

Euro vs US Dollar EURUSD maintains a bid tone for now.
Break above (1.40637) may trigger further recovery of the EURUSD. Going bellow latest swing low at (1.36445), however, would confirm continuation of the bearish trend, towards next objective downwards (1.33516).
Try to sell on rallies with a stop loss above (1.40637).

http://farm7.static.flickr.com/6044/...585e6c6157.jpg

R1: 1.38215 | R2: 1.38911 | R3: 1.39539 | R4: 1.40295 | R5: 1.41216
S1: 1.36445 | S2: 1.35441 | S3: 1.34520 | S4: 1.33516 | S5: 1.33116



Great Britian Pound vs US Dollar GBPUSD is at a crossroads, where it is recommended to evaluate the development of the activity of both parties.
A close above (1.60572) will call for (1.62325), and Loss of (1.58803) sees (1.57607).
We need to keep a closer look on how prices would behave on today`s trading session.

http://farm7.static.flickr.com/6104/...07c6738e65.jpg

R1: 1.60000 | R2: 1.60710 | R3: 1.61411 | R4: 1.62325 | R5: 1.62863
S1: 1.58921 | S2: 1.58383 | S3: 1.57607 | S4: 1.57069 | S5: 1.56569




US Dollar vs Japanise Yen We believe that possible bullishness could be seen during this trading session.
Support is at (77.839). Break below that area could lead us to neutral zone as direction would become unclear, but as long as price moves above that level the major scenario remains bullish.
Buy on depth for today with a stop loss below (77.839).

http://farm7.static.flickr.com/6032/...3025870448.jpg

R1: 78.455 | R2: 78.790 | R3: 79.261 | R4: 79.561 | R5: 79.861
S1: 77.658 | S2: 77.187 | S3: 76.484 | S4: 76.159 | S5: 75.735


Source: FX Central Clearing Ltd. (FXCC)
http://www.fxcc.com/tech-analysis