Yesterday's review:
At 11:30 (Candlestick/bar) on a M15 chart; this pair already back to turn around into Support. 3 at 85.52 and hit the profit target at 10 pips to 20 pips before this pair starting to go upwards again. The reason of the US dollar sharp increase against its rivals as worries emerge about the global economy, which makes the market move to safe-haven assets. Skepticism on Federal Reserve policy, economic data plus China, Japan, and England's disappointing economic projections, a series of factors that trigger anxiety. Market doubts the Federal Reserve announced steps limited the purchase of assets in order to push the U.S. economy. However, the market also saw a negative growth of other countries.
Technical Levels:
Resistance. 3 : 86.49.
Resistance. 2 : 86.32.
Resistance. 1 : 86.15.
Support. 1 : 85.94.
Support. 2 : 85.77.
Support. 3 : 85.60.
Suggestion:
Taking Scalp for 10 pips to 20 Pips at near Support. 3 for BUY and Resistance. 3 for SELL; but please consider if this pair after the break Support. 3 or Resistance. 3 still goes to 47 pips - 50 pips it seems this pair will continue that movement, so please change the position before.
Fundamental News release:
From Japan, only one news data will be release at 06:50 WIB early morning: Monetary Policy Meeting Minutes; but after US market open, it seems there is a lot of data will be release such Core CPI m/m, Core Retail Sales m/m, Retail Sales m/m, CPI m/m at 19:30 WIB afternoon, and at 20:55 WIB there will be 2 data will be release by United States: Prelim UoM Inflation Expectation, and Prelim UoM Consumer Sentiment, and at last at 21:00 WIB: Business Inventory m/m.