Market Analysis

Daily Technical Analysis

25.07.2017

EUR/USD


Daily Technical Analysis on EUR/USD

July 25, 2017
Current level - 1.1649

The bias is rather neutral within the consolidation pattern below 1.1683, so allow another dip to 1.1580 area before renewal of the general uptrend beyond 1.1720.
resistance
intraday intraweek
1.1683 1.1720
1.1720 1.1720
support
intraday intraweek
1.1580 1.1370
1.1480 1.1290

USD/JPY


Daily Technical Analysis on USD/JPY

Current level - 111.03

Current rebound above 110.60 should be considered corrective and 111.50 should cap the upside, for another leg downwards, to 110.30 area, en route to 109.30.
resistance
intraday intraweek
111.50 114.50
112.80 115.50
support
intraday intraweek
110.30 110.30
109.30 108.10

GBP/USD


Daily Technical Analysis on GBP/USD

Current level - 1.3021

My outlook remains positive, for a violation of 1.3050 area, towards 1.3090 intraday resistance. The inner structure of the rise from 1.2930 is far from an impulsive one, so one should pay close attention of the dynamic support at 1.2990, as an eventual breach of the later will signal a reversal of the bias.

resistance
intraday intraweek
1.3050 1.3260
1.3130 1.3500
support
intraday intraweek
1.2990 1.2810
1.2810
1.2480

EUGERMANY30


Daily Technical Analysis on EUGERMANY30

Current level - 12243

There is a minor reversal at 12137 and the intraday bias is slightly positive, with a risk of a break through 12270, towards 12380 hurdle. The latter should cap the upside and initiate a new dip towards 12080 area.
resistance
intraday intraweek
12270 12950
12400 13000
support
intraday intraweek
12140 12080
12080
12000

US30


Daily Technical Analysis on US30

Current level - 21547

The outlook remains bearish below 21580 resistance, for a slide towards 21440 and a break through the latter will challenge 21300 area.

resistance
intraday intraweek
21580 21700
21640 22000
support
intraday intraweek
21500 21300
21440
21110

UK100


Daily Technical Analysis on UK100

Current level - 7423

The intraday bias is positive after the test of 7350 support, but expect the reaction to be short-lived and the be followed by another sell-off, towards 7290 area.

resistance
intraday intraweek
7460 7600
7515 7700
support
intraday intraweek
7350 7290
7290
7190

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