EUR/USD was indecisive yesterday as it touched a low of 1.1015 and a high of 1.1069 towards the end of the trading session. The pair is trading above its 100 day SMA of 1.1066 and an upward momentum is seen in the European trading session. The near-term bias is strong bullish with targets of 1.1150 to 1.1200.
RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), ROC indicates a BUY; STOCHRSI (14), CCI (14), Ultimate Oscillator overbought; while Average True Range (14) indicates less volatility.
Support is at 1.1098 while resistance is at 1.1120 and 1.1131.
July 12th 2016 ; 07:42hrs GMT
GBP/USD made a bullish correction yesterday as it crossed 1.3000 handle towards the end of the trading session. Today cable is trading above its 100 day SMA of 1.2959 and strong bullish momentum is seen in the European trading session. The near-term bias is bullish with targets of 1.3150 to 1.3200.
RSI (14), STOCH (9, 6), MACD (12, 26), ADX (14), CCI (14), Ultimate Oscillator, ROC indicate a BUY; STOCHRSI (14) is overbought; while Average True Range (14) indicates less volatility.
Support is at 1.3055 while resistance is at 1.3107 and 1.3124.
July 12th 2016 ; 08:00hrs GMT
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