Economic calendar (Universal time)
Today, we are expecting a variety of data on the state of the UK's GDP at 9:30, as well as volume indicators in the UK manufacturing industry. At the same time, further attention will be focused on the speech of the ECB (14:00) and the Fed (15:00) and on the statistics of open vacancies in the US labor market (15:00).
EUR / USD
The pair continues to decline and is currently close to its main targets on this section of the direction - 1.0901 (100% working out the target for the breakdown of the daily cloud) and 1.0879 (the minimum extremum allowing to restore the monthly downward trend). Support levels (1.0901 - 1.0879) are quite significant, so it is possible to slow down in the near future and/or form a new correction (consolidation). In the meantime, resistance of the higher halves is now far behind the price chart and is unlikely to come into operation today; however, they can be noted in the region of 1.0981 - 1.1018. In addition, resistance within the day may come from the first target of the daily target that was completed the day before (1.1035).
At the moment, all the advantages and support of the analyzed technical tools despite slight braking, belong to the players on decline. If the decline continues, the classic Pivot levels 1.0893 (S1) - 1.0875 (S2) - 1.0843 (S3) can have a value within the day. The first resistance, which allows us to consider further opportunities for changing preferences and developing an upward correction, is located at 1.0925 (central Pivot level) today. Further, the interests of players to increase will be aimed at capturing the weekly long-term trend. It is currently located at 1.0983.
GBP / USD
The meeting with the lower boundary of the consolidation zone (1.2882 - 1.2920 Fibo Kijun of the week and month) led to inhibition, which was expected. As a result, the main issue is now being resolved. It consists in whether the players on the downside will be able to leave the consolidation zone or whether its influence and attraction will keep the pair again from significant changes, and the confrontation within the existing boundaries of consolidation will continue.
The main advantage is still on the downside, who are currently trying to leave the attraction of the first correctional level of the lower halves of 1.2909 (central Pivot-level of the day). If the attempt is successful, then the next bearish task will be to exit the correction zone and restore the downward trend (1.2871 minimum extremum). On the other hand, support for the classic Pivot levels on H1 are located today at 1.2873 - 1.2835 - 1.2799. In the case of preservation and development of the current correction, the next important upward reference will be the resistance of the weekly long-term trend. In the current situation, the moving is at 1.2958.
Ichimoku Kinko Hyo (9.26.52), Pivot Points (classic), Moving Average (120)