• EUR/CAD slipped towards 1.6200 on Wednesday as French political turmoil and weak German data weighed on the euro.
• French caretaker Prime Minister Sebastien Lecornu said on Wednesday that a deal on the 2026 budget could eventually be reached, striking a cautiously optimistic tone during talks with various parties amid the ongoing political crisis.
• Lecornu, France’s fifth prime minister in two years, resigned along with his government on Monday just hours after unveiling his cabinet, marking the shortest-lived.
• German industrial output plunged in August, driven by a sharp drop in car production as pre-tariff demand from the U.S. waned.
• Germany’s industrial production dropped 4.3% month-on-month in August, the largest decline since March 2022, the federal statistics office reported on Wednesday.
• Immediate resistance is located at 1.6283 (38.2%fib), any close above will push the pair towards 1.6293(SMA 20).
• Support is seen at 1.6188 (38.2%fib) and break below could take the pair towards 1.6159(Lower BB).
Recommendation: Good to sell around 1.6240 , with stop loss of 1.6350 and target price of 1.6160


FxWirePro: GBP/AUD positions for another drop, eyes 2.0100 level
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Pair levels and bias summary
EURGBP Buckles Under Sterling Surge – Bears Eye 0.8600 as 0.8800 Ceiling Holds Firm
AUDJPY Rangebound: Bulls Hold 102, Watch for Breakout Above 102.85
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro- Major US Indices
NZDJPY Eyes Breakout: Buy the Dip as Bulls Guard 88.70
CAD/JPY Rockets on Blowout Canadian Jobs Surprise – Bulls Target 113-115 as BoC Cut Odds Collapse
FxWirePro- Major European Indices
Ethereum Holds Firm Above $3,100 Despite Dip – Fresh Breakout to $3,600+ Looming as Bulls Defend Key Support
Dollar Crumbles on Dovish Fed Bets – USD/CHF Eyes 0.7865 Next
FxWirePro: USD/ CNY gains some upside momentum but still bearish
EURJPY Carves Triple Bottom at 180.20 – Bulls Ready to Storm 182-183 as Breakout Momentum Builds
GBPJPY Bulls on Guard: Buy the Dip at 206 as Support Holds Firm – Target 208 in Sight
GBPJPY Eyes 208: Pound Pulls Back, Bulls Guard 206 



