EUR/USD’s Outlook Remains Bearish; GBP/USD Trades Indecisively
EUR/USD 15-Minute Chart
EUR/USD was indecisive yesterday as it touched a low of 1.1024 and a high of 1.1081 towards the end of the trading session. The pair is trading below its 100 day SMA of 1.1088 and the overall outlook remains bearish. The near term bias is Neutral to Bearish with targets of 1.1000 to 1.0950
MACD (12, 26), ADX (14), Ultimate Oscillator, ROC indicate a SELL; RSI (14), STOCHRSI (14) are Neutral; while Average True Range (14) indicates Less Volatility.
Support is at 1.1042 while Resistance is at 1.1084 and 1.1099
19th July 2016 – 09:35AM ( UTC)
GBP/USD 15-Minute Chart
GBP/USD was indecisive yesterday as it touched a low of 1.3192 and a high of 1.3307 towards the end of the trading session. Cable was unable to break above the 1.3400 levels and came down below its 100day SMA of 1.3259 in the European trading session. The near term bias is Bearish with targets of 1.3100
RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator indicate a SELL; STOCHRSI (14) is Oversold; while Average True Range (14) indicates Less Volatility.
Support is at 1.3171 while Resistance is at 1.3264 and 1.3314
19th July 2016 – 10:00AM (UTC)
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