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TECH: Euro, Yen And USD Levels

FOREX
  • EURUSD has probed trendline support at 1.1740. The trendline is drawn off the Sep 28 low.
  • Key supports to watch are:
    • SUP 1: 1.1689 Low Oct 15 and a key support
    • SUP 2: 1.1612 Low Sep 25 and the bear trigger
  • EURJPY has breached a key support at 122.38 Low Sep 28.
  • Support levels to watch next are
    • SUP 1: 122-19 0.618 projection of Sep 1 - 28 decline from Oct 9 high
    • SUP 2: 121.50 0.764 proj of Sep 1 - 28 decline from Oct 9 high
  • USDJPY is approaching key support at 104.00, Sep 21 low and the bear trigger.
  • A break would open supports at:
    • SUP 1: 103.67 76.4% retracement of the Mar 9 - 24 rally
    • SUP 2: 103.09 Low Mar 12

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