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CURRENCIES TECHNICAL ANALYSIS October.26

Euro

The euro remained below 1.0900 on Tuesday. The price sharply dropped in the mid-European session. The pair did not move far from the level and returned back to 1.0900 in the North American session. The resistance is seen at 1.0900, the support stands at 1.0830.

An uptrend will start as soon, as the pair rises above the resistance level 1.0900. A break below 1.0830 will suggest further weakness.

26_10_2016_eurusd

Pound

The bearish trend remained intact on Tuesday. The prices broke the level 1.2200 and moved towards 1.2100. Sellers failed to move lower, the price bounced off the level and partly reversed its losses. The current resistance is seen at 1.2200, the support lies at 1.2100.

The longer term outlook will be bearish as long as the price holds below 1.2300. The level 1.2100 is the next sellers' target.
26_10_2016_gbpusd
Yen

The USD/JPY was strengthening during the European hours on Tuesday. The prices tested 104.60, but failed to hold on their gains. The pair sharply dropped to 104.00. The resistance is at 104.60, the support comes in at 104.00.

The USD/JPY approached the 104.00 level. If this support breaks, the price may fall further to 103.50.

26_10_2016_usdjpy

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