Daily Technical Analysis by FXCC November 15

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Daily Technical Analysis by FXCC November 15

Euro vs US Dollar It's likely that EURUSD will decline. A break above (1.38049) could be a threat to the bearish scenario targeting (1.38929) even (1.39781). On the downside, immediate support is at (1.35457).
Break below that area should keep the major bearish scenario intact testing (1.33295) area
Look for short positions for today`s trading session.



R1: 1.36767 | R2: 1.37619 | R3: 1.38349 | R4: 1.38929 | R5:1.39781
S1: 1.35457 | S2:1.34838 | S3: 1.33295 | S4: 1.32443 | S5: 1.32043

Great Britian Pound vs US Dollar We see high chances of the pair move down gradually towards (1.57484 – 1.56163).
A proper confirmation would occur if the GBPUSD will manage to close below the (1.58279) support over today`s trading session.
Shorting GBPUSD is advisable for today.



R1: 1.59600 | R2: 1.60395 | R3: 1.60930 | R4: 1.61716 | R5:1.62511
S1: 1.58279 | S2:1.57484 | S3: 1.56163 | S4: 1.55368 | S5: 1.54868



US Dollar vs Japanise Yen We may see the instrument move in the range of (77.985 – 76.711) in today`s trading session.
We need to see a close above (77.985) or below (76.711).
A hold for a clearer technical outlook is advisable.


R1: 77.499 | R2: 77.885 | R3: 78.186 | R4: 78.486 | R5: 78.786
S1: 76.597 | S2:76.146 | S3: 75.846 | S4: 75.546 | S5: 75.246

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