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FxWirePro- Major European Indices 
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FxWirePro- Major European Indices 
- USD/TWD is currently trading around 31.50 marks.
- It made intraday high at 31.50 and low at 31.46 marks.
- Intraday bias remains neutral till the time pair holds key support at 31.45 marks.
- A daily close above 31.55 will drag the parity up towards key resistances around 31.74, 31.83, 31.98, 32.12, 32.25, 32.43 and 32.63 marks respectively.
- On the other side, key support levels are seen at 31.45, 31.38, 31.26, 31.18, 30.99, 30.85 and 30.39 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- Taiwan October core CPI +0.96 pct y/y.
- Taiwan October WPI -1.88 pct y/y.
- Taiwan October seasonally adjusted CPI +0.50 pct m/m.
- Taiwan October CPI +1.7 pct y/y (poll +0.50 pct).
- Taiwan stocks open up 0.3 pct at 9,214.95 points.
We prefer to go short on USD/TWD around 31.52, stop loss 31.63 and target of 31.38/31.26.
