EURUSD Daily Pivots R3 1.3067 R2 1.303 R1 1.2994 Pivot 1.2958 S1 1.2922 S2 1.2885 S3 1.2849 The Euro staged a short lived turn around making an intra-day high of 1.29942 before giving back its gains. The Euro was largely unaffected by the weak German ZEW economic sentiment. Key risks today come from the Eurozone final CPI ahead of the FOMC meeting later this evening. Noticing the current price action on the H4 charts, EURUSD looks to be consolidating into a bearish flag pattern posing potential downside risks, targeting the multi-year support level region of 1.265. Daily and weekly Stochastics do point to a bullish undertone, especially the daily charts, which show the Stochs oscillator pulling out of the oversold levels. Nonetheless the EURUSD has been in a significant bearish trend with minimal pullbacks. USDJPY Daily Pivots R3 107.888 R2 107.607 R1 107.369 Pivot 107.09 S1 106.847 S2 106.569 S3 106.327 USDJPY retreated from its highs, marking a second consecutive day of making a lower high before closing near to the opening price. A downward move is likely to be confirmed only with the weekly close. The Gap remains unfilled in the region of 106.219 which is a few pips below today’s daily support level 3. With USDJPY ranging between 107.389 and 106.932 look for potential breakouts to either side. From a larger perspective, the USDJPY monthly charts show price breaking out of a long term down trend channel ahead of the key resistance at 110.7. GBPUSD Daily Pivots R3 1.6486 R2 1.6399 R1 1.6338 Pivot 1.625 S1 1.6189 S2 1.610 S3 1.604 GBPUSD has been making consistently higher lows with yesterday’s candle closing as an inside bar. The gap from two weeks ago is yet to be filled in at 1.63289. With the monthly labor market data, FOMC meeting and the Scottish vote tomorrow, expect some volatility and spikes in this pair. John Benjamin John Benjamin John is a market analyst for Orbex Ltd. and is a forex and equities trader having been involved in trading since late 2009. John makes use of a mix of technical and fundamental analysis and inter-market relationships. The analysis present here is a mix of intra-day analysis while considering the long term outlook of the markets as well. For any comments or questions, John can be reached at [email protected] View All Post By John Benjamin Forex News Today: Daily Trading News share Read Next GBPUSD: Maintains Recovery Bias FX Tech Strategy 8 years EURUSD Daily Pivots R3 1.3067 R2 1.303 R1 1.2994 Pivot 1.2958 S1 1.2922 S2 1.2885 S3 1.2849 The Euro staged a short lived turn around making an intra-day high of 1.29942 before giving back its gains. The Euro was largely unaffected by the weak German ZEW economic sentiment. Key risks today come from the Eurozone final CPI ahead of the FOMC meeting later this evening. Noticing the current price action on the H4 charts, EURUSD looks to be consolidating into a bearish flag pattern posing potential downside risks, targeting the multi-year support level region of 1.265. Daily and weekly… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
