Euro reaches a 6-week high.

[GoldTrader]

The EUR/USD, which saw some downside pressure temporarily last week, opened the new week on the upside as hopes for a resolution in Washington saw some doubt creep back in over the weekend.

EuroZone data will accompany US politics in traders’ lenses Monday

EUR/USD traders will obviously continue to react to the continuous news flow out of Washington D.C. for the entirety of this week. Over the weekend, there may have actually been a step or two taken in the wrong direction according to several politicians during their appearances on the weekly network talk shows on Sunday.

However, those same politicians coupled that bad news with optimism regarding the prospects of reaching an agreement on the debt ceiling and government shutdown by the October 17th deadline.

Monday will bring EUR/USD traders EuroZone Industrial Production data to digest at 09:00 GMT.

Technical outlook for EUR/USD

Technicians say the EURUSD may have bottomed last Thursday at 1.3489. The upside move off of that low already saw a short-term pullback and appears set to be followed up by more upside. Support for the cross comes in at Friday’s close of 1.3537.
The first two resistance levels for EUR/USD come in at 1.3580 and 1.3600.

[GoldTrader]

Is the 1.40 a fact? The EUR/USD is back testing the upper band of the weekly range around 1.3790. With the short term indicators pointing to the north, it seems a matter of time to see the Euro breaking above range and rising to the 1.4000 against the US Dollar.

On the other hand, it's not a casualty that Mario Draghi attempted to make a shy verbal intervention as he stated that ECB officials are ready to fail banks on the back of next year's stress tests adding pressure to banks and financial institutions across the European Union. Meanwhile, the pair remained surprisingly resilient near the key barrier at 1.3800 despite its strong tone.

"Dollar temporal gains on risk sentiment are attracting buyers on the pair around 1.3740." So, EUR/USD dips could be seen as buy opportunities as "in the 4 hours chart indicators also corrected some, while price held near the fresh yearly highs, which reflects the strength of the buyers," Bednarik adds. "Further gains in the short term however, are subjected to local share markets behavior, as another round of selling in stocks may limit the ability of the pair to break beyond 1.3790 highs."

The EUR/USD closed Wednesday at 1.3775, just in consolidation mode following the latest bullish movement. Next resistances are at 1.3795, 1.3860 and 1.3900. The 1.4000 seems still far despite it's the basic target in the weekly chart.

The GBP/USD was rejected at the 1.6260 with the pair trading back to test the 1.6120 floor. Now the Cable is pricing at 1.6165. The USD/JPY collapsed from 98.20 to reach fresh lowest since October 9th at 97.15. However the pair managed to recover ground and it closed the day above the MA 200 days level at 97.25. Remind that the MA 200 days worked as support early thi month in October 7th and 8th.

EUR/USDOct 23 at 21:08 GMT


1.3777/78 (0.01%)

H1.3779 L 1.3775

S3	S2	S1	R1	R2	R3
1.3653	1.3687	1.3722	1.3853	1.3887	1.3922

Trend Index	OB/OS Index
Data updated on Oct 23 a 20:45 (15-minute timeframe)
Slightly Bearish	Neutral

[GoldTrader]

EUR/USD (4 Hours)

The EUR/USD steep trend canal found a stabilized ground at 1.34800, So the EUR takes breathing pause.

Coming from 1.38 the EUR lost a last week.We might see a sharp up to 1 cent.




Support & Resistance (4 Hours)

Support Levels around	Resistance Levels around
1.34804	1.36505
1.34410	1.35415

[Raam]

EURUSD Daily

The EURUSD 'held the line' at 1.3470 key support today after trying to break below it early in the session


We could see a modest push higher following this false-break of support, but given the recent sell-off we've seen in this market we prefer to watch for price action sell signals from resistance to trade in-line what that bearish momentum.

[GoldTrader]

EUR/USD

The Eur/Usd spiked up to 1.3546 with Us Opening.However, the pair was unable to extend turned back in lower side.

Technically, the Eur/Usd slightly positive tone in the short term.

The price acceleration above 1.3550 the resistance zone.

EUR/USD Hourly chart below:



Important Support Levels : 1.3450 , 1.3415 and 1.3370

Important Resistance Level : 1.3520 , 1.3550 and 1.3580.

[ALex]

EUR/JPY

The Eur/Jpy reached 133.71 weakly high and maintained positive of US close.

The hourly chart shows indicators above their midlines, lacking direction at this time of the day while price stands between 100 and 200 SMAs, this last offering dynamic intraday resistance around 134.00.

EUR/JPY Hourly chart below:

Important Support Levels : 132.9 , 132.4 AND 132.10

Important Resistance Level : 133.50 , 133.9 , 134.40.

[David-Trader]

EUR/CAD Technical Levels


Price action reveals the pair extends retracement and remains below the 1.41 zone hanging on above the 1.4080 front. Offered at 1.4083, the pair oscillates between the supports aligned at 1.4062 (October 20th lows), 1.3942 (October 16th lows) ahead of 1.3827 (September 24th lows) and the resistances set at 1.4123 (November 5th highs), 1.4176 (November 1st highs) followed by 1.4241 (October 22nd highs).

The pair is strongly bearish on one-hour timeframe analysis and trades below the EMA20.



Important Support Levels : 1.4013,1.4048 AND 1.4083.

Important Resistance Level : 1.4145,1.4180 AND 1.4216.

[Raam]

EUR/USD Technical Levels

The EUR/USD pair almost 2month Lows in currently trading .

The pair oscillates between the supports at 1.34023 (Aug 28 High) and 1.33152(Aug 19 Low) and followed by 1.32173(Sep 4th high) and the resistance at 1.3569(Sep 30th high).

And its also staying around 7week low .

Here bellow the 1Hour Chart for EUR/USD:


IMPORTANT SUPPORT LEVELS - 1.3428,1.3461 AND 1.3495

IMPORTANT RESISTANCE LEVELS - 1.3575,1.3609 AND 1.3643.

The overall trend for EUR/USD is SLIGHTLY BEARISH.

[David-Trader]

EUR/JPY continues trading around monthly lows below 132.

EUR/JPY Technical Levels

Technically speaking, the pair currently at 131.55, the pair oscillates between the supports aligned at 131.14 (October 7th lows), 130.70 (September 2nd lows) ahead of 129.89 (September 5th lows) and the resistances set at 131.67 (September 30th lows), 132.40 (November 6th lows) followed by 132.79 (September 25th lows).

The overall trend is Slightly Bearish on one hour chart analysis here below :


IMPORTANT SUPPORT - 132.32 , 132.65 AND 132.99
IMPORTANT RESISTANCE - 134.2 , 134.53 AND 134.87.

[Raam]

EUR/JPY

continues trading close to immediate supports shortly after the release of Japanese facts and Tokyo’s opening.

EUR/JPY Technical Levels

The pair is bullish move after correcting couple of hours sustaining.

The immediate support is at 132.40 (Nov5 Low) and 131.67(Sep29 Low) and the resistance is at 132.79(Oct5 Low),133.31(Nov 4th high) and 133.74(Nov 7th High).

As per 1Hour chart EUR/JPY TODAY'S SUPPORT AND RESISTANCE levels given below the chart



The Overall EUR/JPY Trend is Slightly Bullish