Relatively weak opening for the EUR against USD and JPY , trading under the daily pivot. Is this because the S&P future on Globex is trading down to 1401? This makes sense given the fact that New York is shutting down thanks to hurricane Sandy. The floor of the NYSE will be shut, but electronic trading will continue in all assets. Against the USD, EUR large range is set between the weekly and the 45 days pivot. I will update in the morning on our indicators, regarding the medium to longer term trend.
Daily PP 1.2925, R1 1.2969, R2 1.30,R3 1.3072 S1 1.2895, S2 1.2853,S3 1.2780
Weekly PP 1.2968, 45 day 1.2858
Daily PP 9.84, R1 80.18, R2 80.71, R3 80.59, S1 79.30, S2 78.97, S3 78.09
PP Weekly 79.75, 45 days 79.05
Daily PP 103.26, Weekly 103.55, 45 days 102.03