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Daily Analysis – Oct. 28th, 2014

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Daily Analysis – Oct. 28th, 9:30am EST

Technical Analysis

Pair: EURUSD

Resistance: 1.2785, 1.2839, 1.2883, 1.2973, 1.3155
Support:  1.2700, 1.2670, 1.2625, 1.2580
Bias: Trade the range.  Look for opportunities for a short at the top of the range at 1.2839 or 1.2883 area and long around 1.2620 area.

Pair: GBPUSD

Resistance:  1.6180, 1.6220, 1.6285
Support:  1.6053, 1.6120, 1.6147, 1.6020
Bias: Short. Looking for the price to turn around 1.6180 level.

Fundamentals

High Impact News scheduled for today:

  1. Core Durable Goods Orders m/m – 8:30am
  2. Core Durable Goods Orders m/m – 8:30am
  3. CB Consumer Confidence – 10:00am
  4. Richmond Manufacturing Index – 10:00am

Indices and Commodities

DOW – up – 16,868.75
S&P500 – up – 1,969.28
Nasdaq – up – 4,508.14
Nekei – down – 15,329.91
FTSE100 – up – 6,396.73
DAX – up – 9,033.43

Gold – down – $1,224.70
Oil – down – $80.86

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