Major Support and Resistanc FOREX 28.7.2017

28.07.2017 / 15:48

Rating:

EUR/USD -- Remains skewed bullishly despite some fizzling of
momentum against big resistance from 200-week MA at 1.1798
* 3rd resistance: 1.1871, Jan. 12 2015 high
* 2nd resistance: 1.1798, 200-week MA
* 1st resistance: 1.1777, July 27 high
* Spot: 1.1712
* 1st support: 1.1650, July 27 low
* 2nd support: 1.1613, July 26 low
* 3rd support: 1.1583, July 18 high

GBP/USD -- Facing pressure against ~1.3150, upper end of
channel dating back to Oct. ‘flash crash’ day (see chart)
* 3rd resistance: 1.3199, July 27 high
* 2nd resistance: 1.3133, pivot r1
* 1st resistance: 1.3092, daily pivot line
* Spot: 1.3072
* 1st support: 1.3052, July 27 low
* 2nd support: 1.3037, 76.4% Fibo of 1.3000-1.3158 move
* 3rd support: 1.3000, July 26 low

USD/JPY -- Fading weakness at the familiar 233-DMA, at
110.78
* 3rd resistance: 112.42, July 20 high
* 2nd resistance: 112.20, July 26 high
* 1st resistance: 111.65-71, 55-DMA, July 27 high
* Spot: 111.19
* 1st support: 110.78, 233-DMA
* 2nd support: 110.62, July 24 low
* 3rd support: 110.34, June 14 high

USD/CHF -- Breaks streak on lower highs in place since start
of the year; next focus is 100-DMA at 0.9815
* 3rd resistance: 0.9808-15, May 30 high, 100-DMA
* 2nd resistance: 0.9771, June 15 high
* 1st resistance: 0.9738, June 26 high
* Spot: 0.9711
* 1st support: 0.9634, Asia low
* 2nd support: 0.9595, July 26 high
* 3rd support: 0.9491, July 27 low

Bloomberg Pro Terminal

Trader Velizar Mitov

Varchev Traders

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Major Support and Resistanc FOREX 28.7.2017

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