- EURUSD has broken the Aug low of 1.1823 on German political uncertainty after elections. The pair declined till 1.18100 and is currently trading around 1.17903.
- German Mrs Merkel won for the fourth term as chancellor but ADF success could hinder Eurozone. Market awaits Fed chairman and ECB’S Praet speech today for further direction.
- Technically pair has closed below 1.1870 (233- 4H MA) and this confirms major weakness, a decline till 1.17600 (55- day EMA)/1.1700 likely.
- On the higher side, near term resistance around 1.18700 and any break above will take the pair to next level till 1.19250 (20- day MA)/1.1965/1.2000. Overall bullish continuation only above 1.20925.
It is good to sell on rallies around 1.1830-1.1835 with SL around 1.1872 for the TP of 1.1765/1.1700.
Resistance
R1- 1.1870
R2 1.1900
R3-1.1925
Support
S1- 1.1765
S2-1.1700
S3-1.1660


Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
FxWirePro: GBP/NZD remains bullish as rally continues
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
FxWirePro: EUR/NZD edges lower but bullish outlook persists
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro- Major Crypto levels and bias summary
FxWirePro: NZD/USD downside pressure builds, key support level in focus 



