FX Technical Commentary

Daily Forex Technicals | Written by Easy Forex | Jul 22 08 01:24 GMT |

Euro 1.5915 Initial support at 1.5784 (July 17 low) followed by 1.5692 (July 10 low). Initial resistance is now located 1.5948 (July 16 high) at followed by 1.6038 (July 15 High). Yen 106.55 Initial support is located at 104.76 (July 17 low) followed by 103.78 (July 16 low). Initial resistance is now at 107.16 (July 21 high) followed by 107.76 (July 7 high). Pound 2.0015 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 0.9765 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 967 Initial support at 950.50 (Jul 18 low) followed by 942 (July 11 low). 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 1.5692 1.5784 1.5915 1.5948 1.6038 USD/JPY 103.78 104.76 106.55 107.16 107.76 GBP/USD 1.9815 1.9907 2.0015 2.0097 2.0157 AUD/USD 0.9664 0.9675 0.9765 0.9818 0.9849 XAU/USD 942.00 950.50 967.00 978.50 988.00 Easy Forex http://www.easy-forex.com