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Daily Analysis – Sept. 30th, 2014

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Daily Analysis – Date: Sept. 30th, 9:00am EST

Technical Analysis

Pair: EURUSD

Resistance: 1.2675, 1.2757, 1.2829, 1.2883
Support:  1.2565, 1.2410, 1.2294
Cycle: Down. Level 1
Bias: Down. There were extended moves during the London session so expect retracement before continuation move down.

Pair: GBPUSD

Resistance: 1.6214, 1.6263, 1.6280, 1.6330, 1.6400, 1.6468
Support:  1.6168, 1.6069
Cycle: Down. Level 3
Bias: Down. There were extended moves during the London session so expect retracement before continuation move down.

Fundamentals

High Impact News scheduled:

  1. Chicago PMI – 9:45am
  2. CB Consumer confidence – 10:00am

Indices and Commodities

DOW – down – 17,071.22
S&P500 – down – 1,977.80
Nasdaq – down – 4,505.19
Nekei – down – 16,173.52
FTSE100 – down – 6,630.72
DAX – up – 9,463.74

Gold – down  – $1207.40
Oil – down – $94.50

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