Forex Marketz Daily Forex News – Fully Markets Update
S&P 500 (2,003.37)
The market is continuing but heads at the technical level near 2,006.50. Should we reverse course, we have near term support at 1,990.50 then at 1,985.50.
A break below those levels opens the gates for 1,963.50. Alternatively, a break above 2,006.50 targets 2,015 then 2,030.
EUR/USD (1.31260)
The euro remains heavily sold versus the dollar. We are now at its lowest level in a year. A close below 1.31 opens the doors for 1.3060 then 1.3025.
Should the euro recover, we need a close above 1.3150 to indicate a bottom in place. In this event we would then target the round level at 1.32 then 1.3205.
USD/JPY (¥104.179)
The dollar is eying the August high at this point. We are now above a key round level at ¥104.00 and inching higher.
A break and close above ¥104.45 targets the level at ¥104.85. A move lower and below the support level located at ¥104.05 targets the technical level neat ¥103.65 then ¥103.60.
