FOREX:EURUSD needs buyers to close above 21-DMA otherwise bears rule ; Major Support and Resistance 13.07.2018

13.07.2018 / 13:43

Rating:

EUR/USD -- Medium-term picture stays bearish on closes
below the 55-DMA,
* 3rd resistance: 1.1791, July 9 high
* 2nd resistance: 1.1741, 55-DMA
* 1st resistance: 1.1696, July 12 high
* Spot: 1.1655
* 1st support: 1.1652, 21-DMA
* 2nd support: 1.1591, July 2 low
* 3rd support: 1.1527, June 28 low

GBP/USD --Looking for direction; a close above June 22
high needed to establish upside momentum
* 3rd resistance: 1.3315, June 22 high
* 2nd resistance: 1.3285, July 11 high
* 1st resistance: 1.3212, 21-DMA
* Spot: 1.3175
* 1st support: 1.3115, July 3 low
* 2nd support: 1.3082, pivot s2
* 3rd support: 1.3050, June 28 low

USD/JPY -- nine-day RSI rises to levels associated with
corrective pullbacks or sideways trading
* 3rd resistance: 113.39, Jan. 8 high
* 2nd resistance: 113.07, pivot r2
* 1st resistance: 112.55, last Fibonacci retracement of losses
since Nov. 6
* Spot: 112.55
* 1st support: 111.92, July 12 low
* 2nd support: 111.40, May 21 high
* 3rd support: 110.72, 21-DMA

AUD/USD -- bear bias continue until price is below 55-DMA
* 3rd resistance: 0.7491-94, 55-DMA, midpoint of losses since
June 6
* 2nd resistance: 0.7469, conversion line
* 1st resistance: 0.7460, July 11 high
* Spot: 0.7410
* 1st support: 0.7399, 21-DMA
* 2nd support: 0.7362, July 5 low
* 3rd support: 0.7311, July 2 low

Trader Velizar Mitov

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FOREX:EURUSD needs buyers to close above 21-DMA otherwise bears rule ; Major Support and Resistance 13.07.2018

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