Daily Technical Analysis by FXCC October 27

Daily Technical Analysis by FXCC October 27

Euro vs. US Dollar (EURUSD): We can say that additional bullish movements could be seen during current session, particularly if it succeeded to stabilize above (1.38811) zones. A proper confirmation would occur if the EURUSD will manage to overcome the (1.39539) resistance. Look for long positions for current trading session.

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R1: 1.39539 | R2: 1.40698 | R3: 1.41642 | R4: 1.42474 | R5: 1.43418
S1: 1.38432 | S2: 1.37879 | S3: 1.37313 | S4: 1.36730 | S5: 1.36314


Great Britain Pound vs. US Dollar (GBPUSD): We expect a bullish overall direction for today. That requires the base to build on (1.59000); targeting (1.60389) then (1.61190). A break under (1.58805) support area will extend losses to (1.56645). Look for long positions for today`s trading session.

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R1: 1.60389 | R2: 1.61190 | R3: 1.61959 | R4: 1.62705 | R5: 1.63474
S1: 1.59000 | S2: 1.58478 | S3: 1.57840 | S4: 1.57306 | S5: 1.56645


US Dollar vs. Japanese Yen USDJPY (USDJPY): We see high chances of the pair move down gradually towards (75.461 – 74.851). A proper confirmation would occur if the USDJPY will manage to close below the (75.819) support over today`s trading session. Try to sell on rallies with a stop loss above (76.422).

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R1: 76.484 | R2: 77.039 | R3: 77.453 | R4: 77.753 | R5: 78.053
S1: 75.819 | S2: 75.461 | S3: 74.851 | S4: 74.551 | S5: 74.251

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