EUR/USD was bullish yesterday as it touched a high of 1.1125, but it could not sustain bullish momentum and came down to close below 1.1060 towards the end of the trading session. The pair is trading below its 100 day SMA of 1.1065 as it tests its support of 1.1000 later today. The near-term bias is bearish with targets of 1.1000.
RSI (14), MACD (12, 26), ADX (14), Ultimate Oscillator, ROC indicate a SELL; STOCHRSI (14), CCI (14) are oversold; while Average True Range (14) indicates less volatility.
Support is at 1.1049 while resistance is at 1.1064 and 1.1075.
July 13th 2016 – 08:10hrs GMT
GBP/USD was bullish yesterday as it crossed the 1.3250 handle towards the end of the trading session. Today cable tried to cross the 1.3300 levels but had a bearish pullback and is trading above its 100 day SMA of 1.3036 in the European trading session. The near-term bias is neutral with sideways moves expected.
RSI (14), STOCH (9, 6), Ultimate Oscillator are neutral; STOCHRSI (14) is oversold; while Average True Range (14) indicates less volatility.
Support is at 1.3119 while resistance is at 1.3275 and 1.3340.
July 13th 2016 – 08:20hrs GMT
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