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Welcome to the FXReturn.com New York Market Call for October 17th.,2011. DOW: 45 minutes into the open of Wall Street trading the Dow is near the worst levels of the session, but still above the 10 day average which resides at 11,285. Consecutive closes above the 10 day average will keep the bullish posture of the market intact with the June pivot low of 11,835 as the next upside objective. A close, however, below 11,200 will encourage a wave of selling down to the 52 week low of 10,400. Stochastics are recognizing a positive crossover formation, despite this mornings sell-off suggesting more upside price activity is on the horizon | EUR/USD: Trading down over 100 pips in New York trading and below the 50 day average which resides at 1.3820. ...

A lot of cold water has been spilled on the high hopes for a quick and comprehensive solution for the European debt crisis. With less expectations from the upcoming summit and from a Chinese rescue, EUR/USD loses the critical resistance line it struggled to conquer. 

What’s next? Update.
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/when-promises-meets-reality-the-euro-falls/"]When Promises Meets Reality, EUR/USD Falls[/URL][/I][/B]

Forex Trades 10/17 - US session - by [URL="http://www.forexticket.co.uk"]Forex ticket[/URL] (ex [URL="http://www.mataf.net"]mataf.net[/URL])
[b][img]http://www.forexticket.co.uk/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.forexticket.co.uk/en/forex/eurusd"]EUR/USD - Euro / US Dollar[/url][/b]
[b]Entry[/b]: 1.379
[b]Stop[/b]: 1.3825
[b]Resistances[/b]: 1.3925 - 1.39 - 1.3825
[b]Supports[/b]: 1.3575 - 1.368 - 1.3755

[b][img]http://www.forexticket.co.uk/images/_V3img/fleches/flat_arrow_16.png[/img] [url="http://www.forexticket.co.uk/en/forex/usdcad"]USD/CAD - US Dollar / Canadian Dollar[/url][/b]
[b]Resistances[/b]: 1.0235 - 1.0165 - 1.0115
[b]Supports[/b]: 0.9975 ...

Euro dollar started off the week very quietly in terms of movements despite a lot of headlines released this weekend regarding the European debt crisis, especially from the G-20 meetings. A 50% haircut for Greece now seems a mainstream option, and so does a boost of the bailout fund. Tension will rise towards the next European summit on the upcoming weekend. Will the pair hold on to recent gains?

Here’s a quick update on technicals, fundamentals and what’s going on in the markets.

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/eurusd-oct-17-a-lot-of-noise-little-movement/"]EUR/USD - A lot of Noise, Little Movement[/URL][/I][/B]