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Rupiah Goes Offered Amid Omicron Worry

1.10 Resistance Holds: *RES 3:....>

EURO-DOLLAR TECHS: 1.10 Resistance Holds:
*RES 3: 1.1076 High Sep 18
*RES 2: 1.1023/25 Channel resistance drawn off May 26 high / High Sep 23
*RES 1: 1.0999 Intraday High
*PRICE: 1.0993 @ 15:34 GMT Oct 3
*SUP 1: 1.0879 Low Oct 1
*SUP 2: 1.0862 76.4% retracement of Jan 2017 - Feb 2018 rally
*SUP 3: 1.0847 3.0% Lower Bollinger Band
The pair extends its recent bounce, with just psychological resistance at the
1.10 level holding back a more constructive outlook. Whether this marks the
start of a more bullish theme remains to be seen though. For now, a bearish
outlook is maintained following selling pressure earlier this week, hitting a
multi-year 1.0879 low. The focus is on the retracement at 1.0862, and the 3.0%
Lower Bollinger Band at 1.0847. The channel top drawn off the May 26 high is at
1.1023 and remains the key hurdle for bulls.