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Daily Analysis – Oct. 7th, 9:30am

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Oct 7 EURUSDM15Daily Analysis – Date: Oct. 7th, 9:30am EST

Technical Analysis

Pair: EURUSD

Resistance: 1.2657, 1.2714, 1.2757, 1.2829
Support:  1.2587, 1.2507, 1.2410, 1.2294, 1.2615
Bias: Down. There may be a good short opportunity from 1.2657. 50 EMA on the 4hr chart.

Pair: GBPUSD

Resistance: 1.6116, 1.6155, 1.6235
Support:  1.600, 1.5953, 1.5885, 1.5730
Bias: Down

Fundamentals

High Impact News scheduled for today:

  1. JOLTS Job openings – 10:00am
  2. FOMC Member Kocherlakota Speaks – 1:20pm
  3. FOMC Member Dudley Speaks – 3:00pm

Indices and Commodities

DOW – down – 16,991.91
S&P500 – down – 1,964.82
Nasdaq – down – 4,454.80
Nekei – down – 15,783.83
FTSE100 – down – 6,534.87
DAX – down – 9,159.47

Gold – down  – $1,205.30
Oil – down – $90.07

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