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Daily Analysis- Jan. 17th, 2015

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Daily Analysis – Jan. 17th, 10:00am EST

Technical Analysis

Pair: EURUSD

Resistance: 1.1735, 1.1886, 1.204
Support:  1.1580, 1.1431, 1.1200
Bias: Neutral. Expect the price to trade in a range today with the US bank holiday as well as markets waiting on the ECB meeting taking place later this week.

Pair: GBPUSD

Resistance:  1.5200, 1.5265, 1.5326, 1.5400
Support:  1.5150, 1.5100, 1.5080, 1.5034
Bias:  Neutral. Expect the price to trade in a range today.

Fundamentals

High Impact News scheduled for today:

  1. None.

Indices and Commodities

DOW – up – 17,511.57
S&P500 – up – 2,019.42
Nasdaq – up – 4,634.38
Nekei – up – 17,014.29
FTSE100 – up – 6,591.53
DAX – up – 10,288.17

Gold – down – $1,276.80
Oil – down – $47.80

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