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Daily Pivots: (S1) 1.1709; (P) 1.1736; (R1) 1.1759; More… Outlook in EUR/USD is unchanged and intraday bias stays neutral. Further fall is expected as long as 1.1819 resistance holds. Considering bearish divergence condition in D MACD, sustained trading below 55 D EMA (now at 1.1675) will argue that 1.1917 was already a medium term top. […]

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Daily Pivots: (S1) 147.44; (P) 148.15; (R1) 148.64; More… USD/JPY’s break of 147.45 dampens the original bullish view, and suggests that rebound from 145.47 has completed at 149.95. Intraday bias is back on the downside for 145.47, as the pattern from 150.90 extends. On the upside, above 148.21 minor resistance will turn intraday bias neutral […]

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Daily Pivots: (S1) 1.3418; (P) 1.3442; (R1) 1.3471; More… Outlook in GBP/USD is unchanged and intraday bias remains neutral. Further decline is expected as long as 1.3535 resistance holds. Break of 1.3322 will resume the fall from 1.3725, as the third leg of the corrective pattern from 1.3787, and target 1.3140 support. In the bigger […]

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Daily Pivots: (S1) 0.7941; (P) 0.7963; (R1) 0.7988; More… Intraday bias in USD/CHF stays neutral and outlook is unchanged. On the upside, sustained trading above 55 D EMA (now at 0.8014) will suggest that rise from 0.7828 is already correcting whole fall from 0.9200. Further rise should the be seen to 0.8170 resistance and possibly […]

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The US government has shut down from today as politicians failed to agree on a plan to continue funding it. This is not the first time this has happened, and it certainly won’t be the last. Since 1976, there have been around 20 government shutdowns, caused by funding gaps lasting at least one business day. […]

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In focus today In the euro area, focus turns to the September inflation report. We expect euro area inflation to increase to 2.2% y/y from 2.0% y/y. While inflation in some countries, like France and Spain, came in lower than expected, other countries such as Germany and Italy exceeded expectations. These opposing surprises have balanced […]

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Daily Pivots: (S1) 0.6580; (P) 0.6604; (R1) 0.6638; More… AUD/USD retreated after touching 0.6627 resistance and intraday bias stays neutral. Firm break of 0.6627 will suggest that pullback from 0.6706 has completed as correction, after drawing support from 55 D EMA (now at 0.6550). That will keep the larger rally from 0.5913 alive and bring […]

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Daily Pivots: (S1) 1.3900; (P) 1.3918; (R1) 1.3939; More… USD/CAD is staying in consolidations below 1.3957 temporary top and intraday bias remains neutral. On the upside, break of 1.3957 will resume the corrective rebound from 1.3538. But upside should be limited by 1.4014 cluster resistance to bring reversal. Meanwhile, sustained trading below 55 4H EMA […]

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Daily Pivots: (S1) 0.9324; (P) 0.9357; (R1) 0.9378; More… EUR/CHF retreated after brief spike to 0.9369 and intraday bias is turned neutral again. On the upside, above 0.9369 will target 0.9394 resistance. Firm break there should confirm that the pullback from 0.9452 has completed, and bring retest of this resistance. Nevertheless, break of 0.9311 will […]

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