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Daily Analysis – Jan. 26th, 2015

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Daily Analysis –  Jan. 26th, 10:00am EST

Technical Analysis

Pair: EURUSD

Resistance: 1.1280, 1.1300, 1.1320, 1.380, 1.1400, 1.1450
Support:  1.1200, 1.1520, 1.1460
The price gapped down post Greek elections to form a new low at 1.1090. The price moved up to fill the gap and could move up to the retracement high at 1.1280 or to 1.1300. Once the price holds above this level, we could see a move up to 1.1380 which coincides with the 50% retracement of the last move down. This could be a good level for a potential short.

Pair: GBPUSD

Resistance:  1.5080, 1.5120, 1.5150, 1.5200
Support:  1.5050, 1.5000, 1.4950
Bias: Up. GU has been forming a base and looks bullish at this point. Looking for a retracement in GU potentially up to 1.5150 which takes it to 79% retracement of the last move down. However, we may see it run into resistance at 1.5100 or 1.5120 prior to getting to that point.

Fundamentals

High Impact News scheduled for today:

  1. None

Indices and Commodities

DOW – down – 17,631.69
S&P500 – down – 2,045.28
Nasdaq – down – 4,743.71
Nekei – down – 17,468.52
FTSE100 – down – 6,814.51
DAX – up – 10,735.43

Gold – down – $1,281.50
Oil – down – $45.35

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