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USDCAD TECHS

Heading North

GLOBAL POLITICAL RISK

Modi, AMLO Top Major Economy Leader Poll, Macron Last

AUDUSD TECHS

Under Pressure

EURJPY TECHS

Trend Condition Remains Bearish

Bouncing Well *RES 3: 122.20.........>

EURO-YEN TECHS
EURO-YEN TECHS: Bouncing Well
*RES 3: 122.20 200-DMA
*RES 2: 121.68 50% retracement of Mar 4 - Sep 3 decline
*RES 1: 121.48/57 High Oct 21 / Bull channel top drawn off Sep 4 low
*PRICE: 120.93 @ 16:32 GMT Oct 28
*SUP 1: 120.01 High Sep 13 and former breakout level
*SUP 2: 119.75 Low Oct 16
*SUP 3: 119.12 Low Oct 15
After finishing the Friday session at the bottom end of the week's range, the
cross bounced relatively well Monday, edging north of Friday's highs. This keeps
the underlying outlook bullish. This was confirmed recently on the break of
120.01, Sep 13 high. Note that for the near-term, the uptrend did recently stall
at the top of a bull channel drawn off Sep 4 low. This may result in a deeper
correction and levels below 120.00. On the upside, the trigger for a resumption
of gains is at 121.48.