Technically, price has rejected 94.5 but has made a break. momentum has built on the daily and weekly TFs indicating that the second week of october could be bullish .Targets around the 97.5 region.
However, fundamentals CPI which contributes to the final inlfation figures, is forecasted to remain the same at 0.2% Therefore inducing a minor selloff with the Dollar. This could send the dollar back into the range of 94 and 94.5.
Analyst – L.S