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Daily Technical Report : September 19, 2014

Published 09/19/2014, 05:39 AM
Updated 07/09/2023, 06:31 AM

EUR/USD - European Session

EUR/USD

The pair stabilized above 1.2885 and is trading sideways as showing on graph, while it still didn't confirm the negative expectations suggested yesterday, as the price is under the pressure of Linear Regression Indicators till now and failed to breach 1.2960 levels. Therefore, our expectations of a bearish bias that require trading below 1.2885 continues and the expected targets reside at 1.2745.

Support Resistance & Recommendation

GBP/USD - European Session

GBP/USD

The pair traded in strong positivity influenced by the results of the Scottish vote to remain part of the United Kingdom, then confirmed breaching the barrier 1.6285 that support the return of the upside move targeting 1.6625 now, and a break above the latter is the strongest catalyst that confirms halting the bearish correction that dominated the latest trading. Hence, the upside move remains favored in the upcoming period that requires stability above 1.6285.

Support Resistance & Recommendation

AUD/USD - European Session

AUD/USD

AUDUSD is trying to continue with the bearish bias after approaching the previously broken Fibonacci level 61.8%, as the negative pressure from SMA 50 and 100 is still ongoing to support extending the bearish expectations intraday. Of note, the next awaited target resides at 0.8880 and achieving it requires stability below 0.9000.

Support Resistance & Recommendation

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