Daily Technical Analysis – 29th July, 2015
By FxGrow Research & Analysis Team
EURUSD
EURUSD was indecisive yesterday as it touched a low of 1.1023 and then recovered upwards at the end of the trading session. Now the pair is trading just above its 20day moving average of 1.1058 in the European trading session. The near term bias remains Neutral.
RSI (14), STOCH (9, 6), STOCHRSI (14), ADX (14) are Neural; while Average True Range (14) indicates Less Volatility.
Support is at 1.1031 while Resistance is at 1.1097
29th July 2015 – 08:39hrs GMT
GBPUSD
GBPUSD was bullish yesterday as it touched a high of 1.5625 and remained firm towards the end of the trading session. Now the pair is trading above its 20day moving average of 1.5607 in the European trading session. The near term bias remains Neutral to Bullish with targets of 1.5700
ADX (14) is Neutral; RSI (14), STOCH (9, 6), MACD (12, 26), Ultimate Oscillator, ROC, MA100, MA200 indicate a BUY; STOCHRSI (14) is Overbought; while Average True Range (14) indicates Less Volatility.
Support is at 1.5551 while Resistance is at 1.5627
29th July 2015 – 08:46hrs GMT
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