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CURRENCIES TECHNICAL ANALYSIS October.25

Euro

The euro remained under pressure despite the positive EU statistics. There was buyers’ attempt to reclaim the level 1.0900 which failed ahead of Europe opening. The EUR/USD stayed below the level 1.0900 during the day. The resistance is seen at 1.0900, the support stands at 1.0830.

If the price remains below 1.0900 the pair will extend its losses towards 1.0850. Buyers will have a chance to develop an upward recovery if they fixate above 1.0900.
25_10_2016_eurusd
Pound

The pound remained inactive on Monday. The price traded in a range, close to its lower end. The current resistance is seen at 1.2300, the support lies at 1.2200.

A clear break below the channel support will indicate sellers' growth.  The price may decline to 1.2150. A move above 1.2300 would indicate that immediate upward pressure increase.
25_10_2016_gbpusd
Yen

The greenback kept the upbeat tone unchanged vs. its Japanese peer on Monday. Buyers pushed the price higher above 104.00 and headed towards 104.60. The resistance is at 104.60, the support comes in at 104.00.

If the price remains above 104.00 the upbeat tone will persist towards 104.60.

25_10_2016_usdjpy

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