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Daily Analysis -Oct. 10th, 2014

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Daily Analysis – Oct. 10th, 9:30am EST

Technical Analysis

Pair: EURUSD

Resistance: 1.2670, 1.2700, 1.2729, 1.2783
Support:  1.2594, 1.2507, 1.2410
Bias: Down. Expect price to move up to test the previous resistance level then continue the move down.

Pair: GBPUSD

Resistance: 1.600, 1.6066, 1.6120, 1.6180
Support:  1.5953, 1.5884
Bias: Down. Expect price to move up to test the previous resistance level then continue the move down.

Fundamentals

High Impact News scheduled for today:

  1. FOMC Member Plosser Speaks – 9:00am
  2. IMF Meetings – All day
  3. G20 Meetings – All day

Indices and Commodities

DOW – down – 16,659.25
S&P500 – down – 1,928.21
Nasdaq – down – 4,378.34
Nekei – down – 15,300.55
FTSE100 – down – 6,374.18
DAX – down – 8,851.83

Gold – down  – $1,222.70
Oct 10 EURUSDM 1hrOil – down – $84.84

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