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Technical Analysis
T Analysis

Consumer Price Index came lower than forecasted in New Zealand. The US will publish Final Services PMI and ISM Manufacturing.
The support rests at 0.66500 with resistance at 0.67230 which both lines are above the weekly pivot point at 0.66210. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located above the EMA of 200 and the EMA of 100. The RSI is moving in overbought area, the MACD line is above the signal line in the positive territory and the Stochastic is moving in high ranges. The ADX is showing buy signal. The price is above the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing an upwards trend.
Long positions are recommended towards 0.67400.

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T Analysis

Retail Sales With Auto Fuel and Retail Sales Ex Auto Fuel reports came higher than expected.
The support rests at 1.30160 with resistance at 1.31300 which both lines are above the weekly pivot point at 1.29520. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is falling towards level 50, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
GBP bulls are trying to hit the upper Bollinger band at 1.32000.

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T Analysis

Yesterday EUR managed to cover the recent fall and it might be time for some consolidation.
The support rests at 1.17670 with resistance at 1.18410 which both lines are above the weekly pivot point at 1.17450. The EMA of 10 is moving with bullish bias in the ascendant channel and it is above the EMA of 200 and the EMA of 100. The RSI is moving on level 50, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing weak sell signal.
While bears are pushing the price down, the support line seems too strong to be violated. The bulls may return to the market at hit 1.18700.

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