EURUSD

EURUSD resumed the trading on Monday after USD index fell by 0.60, EURUSD gained traded at 1.0900, the highest in two weeks. The annual inflation in EZ increased by 2 in October, higher than September of 1.7, however it is unlikely to change ECB forward guidance. In the meantime, EURUSD is still up by 0.75 on weekly basis, waiting for a big week ahead with US Presidential election on Tuesday. Manufacturing PMI numbers from Germany, EZ, Spain France will be due later today, not to forget the investor confidence index as well. 

Price action kept advancing, heading higher to 1.0950 then 1.10 pivot. Daily chart gives stronger momentum than the hourly one for further advance. Daily RSI is at 34 support.

USDJPY

As USD index remained under pressure one day before the US presidential election, USDJPY fell to 151.86 today, losing almost 1 in a week. While the markets are still expecting that BoJ could raise the rates to 0.5, however the markets participants are likely to remain highly focused on the US election outcome, not much focusing on the fundamentals. 

1H trend index remains bearish but beware of the change in markets sentiments. Keep in mind the following levels, 151.60 151.10 support, 152.70 153 resistance . This currency pair is still in positive technical channel. Daily chart supports further USD weakness.

GBPUSD

How was the weekly performance in GBPUSD? Even if this currency pair gained in the last week, these gains were less than the gains of…