Economic calendar (Universal time)
Today, the economic calendar does not contain important events and indicators.
EUR / USD
Players on the downside managed to cope with the task at the end of last week and, having completed the ascent, it came as close as possible to the important minimum extreme (1.1085) that separates them from the daily downward trend. As a result of this situation, the main tasks for players to decline in the near future are now as follows: the first is updating the minimum extremum (1.1085), while the second is testing the daily cloud, with the prospect of a breakdown and the formation of a bearish target. Now, the cloud is strengthened by the weekly medium-term trend (1.1065), and the third is the liquidation of the weekly dead cross (1.1021). In order to influence bearish plans, players need to restore their positions and raise important levels to increase to delay the development of the situation or even completely change priorities. The values in this direction have 1.1110 (weekly levels) - 1.1144 (monthly short-term trend) - 1.1174 (the final boundary of the daily dead cross of Ichimoku).
In the lower halves, the main priority and advantages belong to the players on the downside. Nevertheless, the market has been busy lately forming an upward correction. Reaching of which can be called support of technical indicators and approaching the first key resistance at H1 1.1106 (central pivot level), then bullish interests will be directed to 1.1131 (weekly long-term trend). The completion of the upward correction by updating its minimum (1.1086) will return relevance to the continuation of the decline, while the classic pivot levels (1.1070 - 1.1049 - 1.1013) are the intraday supports.
GBP / USD
A short-term trend faced with the first target of the daily upward correction. The pair chose, as expected, to complete the increase and form a rebound. In this regard, the pound managed to close Friday in the daily cloud, so now, the main tasks for players to decline are to consolidate in the daily cloud, updating the minimum of last week (1.2953) and continuing to decline. The next support zone continues to maintain its significance and location, consolidating the levels at 1.2920 – 1.2887 (lower border of the daily cloud + weekly levels + monthly Fibo Kijun).
On the other hand, initiative and advantages on H1 belong to the players on the decline at the moment. In turn, downward trends within the day are the support of the classic pivot levels 1.2967 - 1.2927 - 1.2852. An upward correction will help to change the current balance of forces, which should provide players with an increase not only in raising to the key resistance located today in the region of 1.3042-23 (central Pivot-level of the day + weekly long-term trend), but also in overcoming them. At the same time, the advantages still belong to the players on the downside while the pair is working under these resistances.
Ichimoku Kinko Hyo (9.26.52), Pivot Points (classic), Moving Average (120)
