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GBPUSD TECHS

Trend Signals Still Point South

ASIA FX

Resilience Outside Of CNH

EURUSD TECHS

Remains Below Channel Resistance

EUROSTOXX50 TECHS

(Z2) Corrective Bounce

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Looking For A Clear Break Of Parity

EURUSD TECHS
  • RES 4: 1.0530 Bull channel resistance drawn from the Feb 10 high
  • RES 3: 1.0449 High Jul 5
  • RES 2: 1.0318/59 20-day EMA / Low Jun 15
  • RES 1: 1.0122/0191 High Jul 13 / High Jul 8
  • PRICE: 1.0025 @ 05:55 BST Jul 14
  • SUP 1: 0.9998/9982 Low Jul 13 / Bear channel base
  • SUP 2: 0.9944 1.618 projection of the Jun 9 - 15 - 27 price swing
  • SUP 3: 0.9883 1.764 projection of the Jun 9 - 15 - 27 price swing
  • SUP 4: 0.9785 2.00 projection of the Jun 9 - 15 - 27 price swing

EURUSD trend conditions remain bearish and the pair - very briefly - showed below parity yesterday, the key psychological support. Trend signals still point south and a clear breach of 1.00 would open 0.9944, a Fibonacci projection. Note that there is a firm support at 0.9982 today - the base of the bear channel drawn from the Feb 10 high. Initial firm resistance is seen at Monday’s high of 1.0191. Gains would be considered corrective.

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  • RES 4: 1.0530 Bull channel resistance drawn from the Feb 10 high
  • RES 3: 1.0449 High Jul 5
  • RES 2: 1.0318/59 20-day EMA / Low Jun 15
  • RES 1: 1.0122/0191 High Jul 13 / High Jul 8
  • PRICE: 1.0025 @ 05:55 BST Jul 14
  • SUP 1: 0.9998/9982 Low Jul 13 / Bear channel base
  • SUP 2: 0.9944 1.618 projection of the Jun 9 - 15 - 27 price swing
  • SUP 3: 0.9883 1.764 projection of the Jun 9 - 15 - 27 price swing
  • SUP 4: 0.9785 2.00 projection of the Jun 9 - 15 - 27 price swing

EURUSD trend conditions remain bearish and the pair - very briefly - showed below parity yesterday, the key psychological support. Trend signals still point south and a clear breach of 1.00 would open 0.9944, a Fibonacci projection. Note that there is a firm support at 0.9982 today - the base of the bear channel drawn from the Feb 10 high. Initial firm resistance is seen at Monday’s high of 1.0191. Gains would be considered corrective.