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Economic calendar (Universal time)
Today's economic calendar is quite filled, although not particularly rich in important events. In the morning, Eurozone statistics are published. The most significant indicators are German GDP (7:00) and retail sales in the UK (9:30). After lunch, the time for data from the USA will come. Here it will be necessary to note the producer price index (13:30), the speech of the head of the Fed (15:00) and crude oil reserves (16:00).
EUR / USD
The situation is still not undergoing significant changes. The euro continues to decline and forms new lows. At the same time, all corrective upgrades have not yet been properly developed and do not change the situation. The lower boundary of the daily cloud at 1.0967 remains a downward target at the moment. Today, resistances are located at 1.1030 (weekly Tenkan) and in the region of 1.1065-85 (daily Senkou Span B + daily Kijun + weekly Fibo Kijun + daily Tenkan).
The current trend is a downward trend. The support of the analyzed technical instruments is completely on the side of the players on the decline. The first support for the classic Pivot levels (1.0995) is currently being tested, while further support today is located at 1.0982 (S2) and 1.0970 (S3). In the current situation, the possible development of an upward correction will lead the pair to the resistance of the central Pivot level (1.1007). Subsequent consolidation above this level will make the weekly long-term trend (1.1027), which is strengthened by the weekly short-term trend (1.1030). This is the main reference point for the lower halves, which confirms for players to increase the importance of overcoming.
GBP / USD
The pound, located in the zone of attraction of the daily short-term trend, continues to wait. The daily Tenkan is now strengthened by the monthly Fibo Kijun (1.2882). In turn, consolidation above will return the possibilities for a new battle with the resistance of the weekly cloud 1.2959-63 - 1.3012 (weekly cloud + maximum extreme). Failure in this direction, as noted earlier, will return the pair to the decline to the most significant supports located in the 1.2700 - 1.2600 zone (daily Fibo Kijun and Kijun + monthly Tenkan + weekly Tenkan and Fibo Kijun) (1.2768).
The pair continues to work in the zone of attraction of key levels. Today, it is 1.2844-31 (central Pivot level + weekly long-term trend). Everything that is reliably located below increases the chances of strengthening the bearish sentiment, whose interests will be targeted at closing the rising Monday gap and updating the low (1.2768). Moreover, working above the line (1.2844-31) and using it as support increases the chances of players to increase their exit from the current confrontation by the winner. In this case, the task of fixing above the maximum extremum of 1.2897 will be considered.
Ichimoku Kinko Hyo (9.26.52), Pivot Points ( classic ), Moving Average (120)
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