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Daily Analysis – Oct. 27th, 2014

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Daily Analysis – Oct. 27th, 9:30am EST

Technical Analysis

Pair: EURUSD

Resistance: 1.2700, 1.2839, 1.2883, 1.2973, 1.3155
Support:  1.2670, 1.2625, 1.2580
Bias: Trade the range.  Look for opportunities for a short at the top of the range at 1.2710 area and long around 1.2620 area.

Pair: GBPUSD

Resistance:  1.6053, 1.6120, 1.6147, 1.6180, 1.6220, 1.6285
Support:  1.6020, 1.5953, 1.5884, 1.5800
Bias: Up. Price could run up to 1.6180 area before reversing.

Fundamentals

High Impact News scheduled for today:

  1. Pending Home Sales m/m – 10:00am

Indices and Commodities

DOW – up – 16,805.41
S&P500 – up – 1,964.58
Nasdaq – up – 4,483.72
Nekei – up – 15,389.00
FTSE100 – down – 6,356.98
DAX – down – 8,890.02

Gold – down – $1,229.60
Oil – up – $79.68

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