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Daily Analysis – Sept. 18th, 2014


Sept 18 EURUSDH4

Technical Analysis


Resistance: 1.2990, 1.2975
Support:  1.2865, 1.2835, 1.2708, 1.2662
Cycle: Down. 2 complete, going into 3rd
Bias: Down


Resistance: 1.6338, 1.6481, 1.6624
Support:  1.6265, 1.6170, 1.6069
Cycle: Up. 1st complete, going into 2nd
Bias: Up. Trade with caution due to the vote.


High Impact News scheduled:

  1. Unemployment Claims – 8:30am
  2. Fed Chair Yellen speaks – 8:45am
  3. Philly Fed Manufacturing Index – 10:00am

ECB’s first targeted-loan program came in below estimates, leaving room for more monetary stimulus.
Scotland to vote today on the issue of separation from UK.

Indices and Commodities

Indices (DOW, S&P500, Nasdaq, Nekei, FTSE100, DAX) up during London trading.
Gold – down ($1216.20)
Oil – down ($94.23)


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