Target levels and forecast for the week 17.10 21.10

Target levels and forecast for the week 17.10  21.10Recall the fundamental events that you need to pay attention to (GMT 0 time):Tue, 18AUD: RBA Meeting Minutes (06:00)CNY: GDP, Industrial Production, Chinese Unemployment Rate, NBS Press Conference (02:00)EUR: ZEW Economic Sentiment (09:00)NZD: GlobalDairyTrade Price Index (15:00)USD: Industrial Production (13:15); API Weekly Crude Oil Stock (20:30)Wed, 19GBP: CPI, PPI Input (06:00)EUR: CPI, Core CPI (09:00)USD: Beige Book (18:00); Crude Oil Inventories (+Cushing) (14:30)JPY: Trade Balance, Exports (23:50)Thu, 20AUD: Employment Change, Unemployment Rate (00:30)CNY: PBoC Loan Prime Rate (01:15)EUR: EU Leaders Summit (10:00)USD: Initial Jobless Claims (12:30)NZD: Trade Balance (21:45)JPY: National Core CPI (23:30)Fri, 21GBP: Retail Sales (06:00)EUR: EU Leaders Summit (10:00)Saturday, 22EUR: ECB President Lagarde Speaks (09:00)For more news  see Economic Calendar.EUR/USDThe fundamental background is weak, and the balance of volumes is shifted to the sales area. We recommend staying in short positions with 0,9450 and 0,9250 targets. Buying is relevant only after a confident breakdown of zone 1,0000 with targets above 1.0150/1.0250.GBP/USDThe resignation of Quasi Kwarteng added to the problems of currency and increased pressure on the government. The pair has started a new stage of correction. You can consider new buy orders with targets 1,1350-1,1450. Sales will be relevant on a confident breakdown of the zone 1,0850/00, the first target is 1,0350.USD/JPYThe currency intervention carried out by the BOJ in September did not improve the situation: the yen remains under pressure. The balance of volumes has shifted to the buying zone, but you should be careful with new positions: there is a serious struggle ahead for the critical level of 150.