Market Leader informed
Europe showed a positive start of the current trading session as the news data came out better than expected, which resulted in EUR growing against USD.
At Forex EURUSD is currently moving within the flat range formed in mid October. So most investors do not see any need to buy or sell the Euro currency.
An M15 wave (1.4057 - 1.4022) is acting as the reference point for the downward scenario while the price is currently forming a wave of level H2 from 1.3731.
Today’s news (Oct 3rd - GMT):
11:00 USA - MBA Mortgage Applications
12:15 USA - ADP Employment Change
14:00 USA- ISM Non-Manuf. Composite
14:00 USA - Factory orders
14:30 USA - Crude Oil Inventories
1.4160/54 - 100%+150%
1.4120 - 138.2%+sell limits
1.4079/63 - 123.6%+150
1.4055 – MF pivot + sell limits
1.4044 - MF pivot
1.4001 – the current price
1.3986 - 161.8%+buy limits
1.3980 - 176.4%+ buy limits
1.3883 - MF pivot
1.3867 - MF pivot + buy limits
1.3974 - 188.2%
1.3969 - 200%
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