FxWirePro: EUR/ AUD downtrend loses steam, remains on bearish path 
FxWirePro: GBP/AUD dips amid heightened Geopolitical concerns 
FxWirePro: USD/CAD retreats slightly but trend is still bullish 
FxWirePro: GBP/NZD gains some upside momentum but still bearish 
NZDJPY Pulls Back on Kiwi Weakness: Buy Dips at 94.40 Targeting 97 
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path 
FxWirePro:USD/JPY hovers near 40-year peak,intervention fears linger 
GBPJPY Weakens on Soft UK CPI: Sell Below 217.80 Targeting 216.40 
FxWirePro: USD/CAD retains bid tone,eyes 1.4200 level 
FxWirePro: AUD/USD bulls struggles as upside momentum fades 
ETHUSD Breaks Above $1900 as Bulls Eye $2300 and Beyond 
FxWirePro: USD/ZAR slips as rand gains on U.S.-Iran developments 
FxWirePro: GBP/USD stays below 1.3400 level following cooler inflation report 
FxWirePro- USD/CHF Holds Above 0.8120 as Bulls Target 0.8200 
FxWirePro- Major Pair levels and bias summary 
FxWirePro- Woodies pivot (Major) 
EURUSD declined after upbeat US ISM services PMI. It hit a low of 1.10080 a the time of writing and is currently trading around 1.10163.
Intraday bias remains bearish as long as support 1.10850 holds.
|
Date |
Time (GMT) |
Currency |
Event |
Actual |
Forecast |
Previous |
Impact |
|
Oct 3rd 2024 |
12:30 pm |
US |
Unemployment claims |
225K |
222K |
218K |
Negative for US dollar |
|
|
2 pm |
US |
ISM services PMI |
54.9 |
51.7 |
51.5 |
Positive for US dollar |
Technicals-
The pair trades below 34- and 55 EMA in the one-hour chart.
The near-term resistance is around 1.10600, a breach above targets 1.10850/1.11050/1.1150. Major bullish continuation only above 1.1150. A jump above will take the pair to 1.11780/1.12150. The immediate support is at 1.1000, any violation below will drag the pair to 1.0945/1.0900.
Indicator ( hourly chart)
CCI (50)- Bearish
Average directional movement Index - Bearish. All indicators confirm a bearish trend.
Sell on rallies around 1.10480-500 with SL around 1.10850 for TP of 1.09250.
