The euro dollar (EUR / USD): technical analysis today November 6, 2015
Support at 1.0850 / 30 remains an insurmountable obstacle, the price is consolidating near the barrier on the way down, and now is at around 1.0870 / 80.
The Indicators of strong changes do not demonstrate - SS is lying oversold signals about the priorities of "bearish" sentiment, and hardly improve their graphics R% and MACD indicate the likelihood of further correction in a narrow range of 1.0890 / 1.0900 - 1.0850 / 30, at the conclusion of which is likely to continue lowering to targets previously called the lows 1.0660 / 70 and 1.0500 / 1.0460. However, a feature of today's session associated with the publication of a very important report for work in the United States may make some adjustments. Breakdown and consolidation of trading above 1.0900 resistance will assume arguments to expand the correction to higher resistance levels, but above the range of 1.1060 / 1.1100.
Pound US Dollar (GBP / USD): technical analysis today, November 6, 2015
Break of support at 1.5350 / 40 pointed to the advantage of "bears." Price lowered key support 1.5240 / 30, broke through it and has already approached the levels of 1.5160 / 30, which is designated as the goal at the break obstacles to 1.5240 / 30. Now trade is conducted at levels 1.5170 / 75. Indications of indicators already unanimously say the phrase "bear" market sentiment. In these circumstances there is a high probability of breakdown of support at 1.5060 / 30. If these expectations are confirmed by market developments, the following objectives are seen at 1.5030 / 40 and then to the strong support of 1.4940 / 50. However, it is worth considering that important publications on the US economy, and in this case can make adjustments. Return prices up above the level of 1.5240, is fraught with the rise of trades back to the 1.5350 level.
Author: Arkady Nagiyev
Fundamental analysis of the currency market Forex4you