2013.09.30 – New York Close – End of US Session
EURUSD Currency Pair Levels & Trend Strength Data
The euro ended the day lower against the US dollar in Forex trading after gapping higher to start the new week. The euro sold off throughout the day versus the dollar but continued to remain above the major 1.3500 support/resistance level. Most of the financial markets globally today are concerned about the looming US government shutdown to take place on Tuesday.
The short-term trend for this pair continues to be bullish but, perhaps, the uptrend looks to be exhausting and suggests a short-term top may be in place. Longer-term, our data continues to indicator bullish trends.
On the schedule for Tuesday is the German unemployment change for September as well as the Eurozone purchasing managers manufacturing index. US data for tomorrow includes the widely watched ISM manufacturing data for September and US construction spending for August.
Current Market Price: 1.35250
Today’s Pivot Point Levels:
Daily Pivot Point: 1.35191
Weekly Pivot Point: 1.35150
Monthly Pivot Point: 1.32810
Linear Regression Indicator Trend Strength Data:
10-day current trend is BULLISH / Trend strength of 146.1 pips
30-day current trend is BULLISH / Trend strength of 222.9 pips
60-day current trend is BULLISH / Trend strength of 389.6 pips
90-day current trend is BULLISH / Trend strength of 381.3 pips
180-day current trend is BULLISH / Trend strength of 137.3 pips
365-day current trend is BULLISH / Trend strength of 841.5 pips
By CountingPips.com – Forex Trading Apps
