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Daily Analysis – Oct. 1st, 2014

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Daily Analysis – Oct. 1st, 9:00am EST

Technical Analysis

Pair: EURUSD

Resistance: 1.2631, 1.2685, 1.2714, 1.2757, 1.2829, 1.2883
Support:  1.2580, 1.2410, 1.2294
Cycle: Down. Level 1 going into Level2
Bias: Down

Pair: GBPUSD

Resistance: 1.6214, 1.6263, 1.6280, 1.6330, 1.6400, 1.6468
Support:  1.6178, 1.6165, 1.6069
Cycle: Level 3 consolidation
Bias: Down.  May have opportunity to trade both sides of the range

Fundamentals

High Impact News scheduled:

  1. ADP Non-Farm Employment change – 8:15am
  2. ISM Manufacturing PMI – 10:00am

Indices and Commodities

DOW – down – 17,042.90
S&P500 – down – 1,972.29
Nasdaq – down – 4,493.39
Nekei – down – 16,082.25
FTSE100 – down – 6,573.25
DAX – down – 9,432.32

Gold – down  – $1209.10
Oil – down – $91.77

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