EUR/USD -- Keeps trading heavy after close below 55-DMA,
first since April 14; Bloomberg’s fear-greed indicator shows
bulls lost control of price action for the first time in three
months; BBDXY also closed above 55-DMA as bullish momentum gains
traction
* 3rd resistance: 1.1917, 21-DMA
* 2nd resistance: 1.1862-66, double-bottom on Sept. 20-21
* 1st resistance: 1.1805, 55-DMA
* Spot: 1.1777
* 1st support: 1.1758, Sept. 26 low
* 2nd support: 1.1740, Aug. 23 low
* 3rd support: 1.1733, 23.6% Fibonacci retracement of rally
since April 10
USD/JPY -- A fresh September high may ignite momentum to
reverses 2017 downtrend
* 3rd resistance: 114.49, July 11 high
* 2nd resistance: 113.58, July 14 high
* 1st resistance: 112.72-80, Sept. 21 high, 76.4% Fibonacci of
July-Sept. selloff, 2017 daily trendline
* Spot: 112.43
* 1st support: 111.48-50, Sept. 25-26 double-bottom
* 2nd support: 111.12, Sept. 20 low
* 3rd support: 110.54-57, 55-, 21-DMAs
GBP/USD -- Bearish bias materializes on mean reversion
* 3rd resistance: 1.3596, Sept. 22 high
* 2nd resistance: 1.3514, Sept. 26 high
* 1st resistance: 1.3461, Asia session high
* Spot: 1.3413
* 1st support: 1.3406, Sept. 14 high
* 2nd support: 1.3320, 38.2% Fibonacci retracement of rise since
Aug. 24
* 3rd support: 1.3270, 21-DMA
AUD/USD -- 55-DMA support finally gives in as rising wedge
breakout targets Aug. 15 low at 0.7808
* 3rd resistance: 0.8102, Sept. 20 high
* 2nd resistance: 0.7976, 21-DMA
* 1st resistance: 0.7939, 55-DMA
* Spot: 0.7868
* 1st support: 0.7808, Aug. 15 low
* 2nd support: 0.7786, July 18 low
* 3rd support: 0.7740, July 13 high
Bloomberg Pro Terminal
Trader Velizar Mitovfx
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