FX Technical Commentary

Daily Forex Technicals | Written by Easy Forex | Jul 21 08 01:22 GMT |

Euro 1.5845 Initial support at 1.5765 (July 11 low) followed by 1.5612 (July 7 low). Initial resistance is now located 1.5948 (July 16 high) at followed by 1.6038 (July 15 High). Yen 106.85 Initial support is located at 104.76 (July 17 low) followed by 103.78 (July 16 low). Initial resistance is now at 107.09 (July 17 high) followed by 107.76 (July 7 high). Pound 1.9935 Initial support at 1.9907 (July 18 low) followed by 1.9815 (July 14 low). Initial resistance is now at 2.0097 (July 16 high) followed by 2.0157 (Jul 15 high and 76.4% retrace of 2.0398-1.9363). Australian Dollar 0.9725 Initial support at 0.9675 (July 17 low) followed by 0.9664 (July 14 low). Initial resistance is now at 0.9818 (July 16 high) followed by 0.9849 (July 15 High). Gold 958 Initial support at 950.50 (Jul 18 low) followed by 947.88 (Tread line support). Initial resistance is now at 978.5 (July 17 high) followed by 988.0 (July 15 high). Currency Sup 2 Sup 1 Spot Res 1 Res 2 EUR/USD 1.5612 1.5765 1.5845 1.5948 1.6038 USD/JPY 103.78 104.76 106.85 107.09 107.76 GBP/USD 1.9815 1.9907 1.9935 2.0097 2.0157 AUD/USD 0.9664 0.9675 0.9725 0.9818 0.9849 XAU/USD 947.88 950.50 958.00 978.50 988.00 Easy Forex http://www.easy-forex.com Easy-Forex makes no recommendations as to the merits of any financial product referred to in this website, emails or its related websites and the information contained does not take into account your personal objectives, financial situation and needs. Therefore you should consider whether these products are appropriate in view of your objectives, financial situation and needs as well as considering the risks associated in dealing with those products