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FxWirePro: EUR/USD faces strong resistance at 61.8% fibo, good to sell below 1.07390

  • EURUSD broke above 1.0750 and hits three week high in today European session amid a solid jump in the German bund yields. The pair hits 1.07750 at the time of writing and is currently trading around 1.07449.
     
  • The minor support for the day is around 1.0739 (hourly Kijun-Sen ) and any violation below will drag the  pair down till 1.06965 (23.6% retracement of 1.0775 and 1.0594)/1.06400 (200- HMA). The near term resistance is at 61.8% fibo (1.0775) and any indicative break above will take the pair till 1.08288/1.08735/1.09058 (Mar 27th high).Minor weakness can be seen only below 1.07390.
     
  • In the hourly chart EURUSD has formed bearish divergence in the RSI and MACD. So a mild dip till 1.06500 likley.

    It is good to sell below 1.07390 with SL around 1.07800 for the TP of 1.06800/1.06450.

 

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October 18 23:50 UTC Released

JPTrade Balance Total Yen*

Actual

670.2 Bln JPY

Forecast

559.8 Bln JPY

Previous

113.6 Bln JPY

October 18 23:50 UTC Released

JPImports YY*

Actual

12 %

Forecast

15.0 %

Previous

15.2 %

October 19 00:00 UTC 44m

KRBank of Korea Base Rate*

Actual

Forecast

Previous

1.25 %

October 19 00:00 UTC 44m

ID7-Day Reverse Repo*

Actual

Forecast

4.25 %

Previous

4.25 %

October 19 00:00 UTC 44m

IDDeposit Facility Rate*

Actual

Forecast

3.50 %

Previous

3.5 %

October 19 00:00 UTC 44m

IDLending Facility Rate*

Actual

Forecast

5.00 %

Previous

5 %

October 19 00:30 UTC 3434m

AUEmployment*

Actual

Forecast

15.0 k

Previous

54.2 k

October 19 00:30 UTC 3434m

AUFull Time Employment*

Actual

Forecast

Previous

40.1 k

October 19 00:30 UTC 3434m

AUParticipation Rate*

Actual

Forecast

65.2 %

Previous

65.3 %

October 19 00:30 UTC 3434m

AUUnemployment Rate*

Actual

Forecast

5.6 %

Previous

5.6 %

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