FOREX: EURUSD Tests 21-DMA: Major Support and Resistance 29.06.2018

29.06.2018 / 11:54

Rating:

EUR/USD -- 1.15-1.18 range remains base case scenario
* 3rd resistance: 1.1851, June 14 high
* 2nd resistance: 1.1727, June 8 low
* 1st resistance: 1.1671, 21-DMA
* Spot: 1.1633
* 1st support: 1.1600, June 28 high
* 2nd support: 1.1531, pivot s2
* 3rd support: 1.1509-10, June 21-May 29 lows (double-bottom?)

GBP/USD --Close below 1.3085 risk level eyes move
toward support ~1.2800;move above 1.3150
provides mixed signals
* 3rd resistance: 1.3279, 21-DMA
* 2nd resistance: 1.3193, June 26 low
* 1st resistance: 1.3148-51, June 20-19 lows
* Spot: 1.3104
* 1st support: 1.3050, June 28 low
* 2nd support: 1.3012, pivot s2
* 3rd support: 1.2810, 61.8% Fibonacci retracement of the post-
crash move

USD/JPY --air stays above the cloud as to keep bulls
afloat with 55-DMA also providing a helping hand;
* 3rd resistance: 111.40, May 21 high
* 2nd resistance: 110.85-90, 61.8% Fibonacci retracement of
losses since Nov. 6-June 15 high
* 1st resistance: 110.79, session high
* Spot: 110.59
* 1st support: 110.13, 21-DMA
* 2nd support: 110.08, conversion line
* 3rd support: 109.58, 55-DMA

AUD/USD -- Tweezer top on the daily weighs, resistance
~0.7450 still caps;
* 3rd resistance: 0.7447-48, May 16-15 lows
* 2nd resistance: 0.7444, June 22-25 highs
* 1st resistance: 0.7423, June 26 high
* Spot: 0.7388
* 1st support: 0.7324-27, June 27 low-61.8% Fibonacci
retracement of gains since early 2016
* 2nd support: 0.7316, pivot s2
* 3rd support: 0.7273, Jan. 5 2017 low

Trader Velizar Mitov

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FOREX: EURUSD Tests 21-DMA: Major Support and Resistance 29.06.2018

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