Daily Technical Analysis by FXCC October 31

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Daily Technical Analysis by FXCC October 31

Euro vs US Dollar The outlook has grown increasingly bullish since EURUSD had remained above its latest swing low at (1.41234).
If this support level is broken to the downside, the outlook will deteriorate.
You may try to buy from (1.40904), (1.40473), and (1.39802) with a stop loss below (1.41234).



R1: 1.41815 | R2: 1.42246 | R3: 1.42917 | R4: 1.43317 | R5: 1.43717
S1: 1.40904 | S2:1.40473 | S3: 1.39802 | S4: 1.38911 | S5: 1.38215


Great Britian Pound vs US Dollar We expect a bullish overall direction for today.
That requires the base to build on (1.60420); targeting (1.61954) then (1.62765).
A break under (1.60610) support area will extend losses to (1.57740).
Long positions are favored for today.



R1: 1.61954 | R2: 1.62765 | R3: 1.63265 | R4: 1.63765 | R5: 1.64265
S1: 1.60420 | S2:1.59782 | S3: 1.59143 | S4: 1.58245 | S5: 1.57740


US Dollar vs Japanise Yen We see high chances of the pair move down gradually towards (75.009 – 74.709).
A proper confirmation would occur if the USDJPY will manage to close below the (75.309) support over today`s trading session.
Look for short positions for current trading session.


R1: 75.965 | R2: 76.293 | R3: 76.621 | R4: 76.921 | R5: 77.221
S1: 75.309 | S2:75.009 | S3: 74.709 | S4: 74.409 | S5: 74.109

Source: FX Central Clearing Ltd. (FXCC)
Technical Analysis