Major Support and Resistance FOREX 25.7.2017

25.07.2017 / 14:38

Rating:

EUR/USD -- Remains primed for 1.1736-1.1807 test
* 3rd resistance: 1.1736, 38.2% Fibonacci of 2014-2017
fall
* 2nd resistance: 1.1714, Aug. 2015 high
* 1st resistance: 1.1684, July 24 high
* Spot: 1.1645
* 1st support: 1.1619, July 21 low
* 2nd support: 1.1583, July 18 high
* 3rd support: 1.1557, July 19 high

GBP/USD -- Re-establishing uptrend after forming second
bullish ’flag’ formation in July
* 3rd resistance: 1.3126, July 18 high
* 2nd resistance: 1.3080, 76.4% Fibonacci July 18-20 drop
* 1st resistance: 1.3058, July 24 high
* Spot: 1.3032
* 1st support: 1.2984, July 24 low
* 2nd support: 1.2954, July 21 low
* 3rd support: 1.2932, 61.8% Fibonacci of July 12-18 rise

USD/JPY -- Rebound risks ramp up after reversal day against
233-DMA, 61.8% Fibonacci and cloud bottom; UST yield holds
critical support at 2.23% and BBDXY on exhaustion count ’13’
* 3rd resistance: 112.08, July 21 high
* 2nd resistance: 111.67-82, 100/55-DMA’s
* 1st resistance: 111.48, July 20 low
* Spot: 111.05
* 1st support: 110.83, European low
* 2nd support: 110.67-62, 233-DMA, July 24 low
* 3rd support: 110.17, 76.4% Fibonacci of June 14-July 11
rise

AUD/USD -- Consolidates ahead of 0.80 handle and 200-week MA
at 0.8012
* 3rd resistance: 0.8012, 200-week MA
* 2nd resistance: 0.7989, July 20 high
* 1st resistance: 0.7968, July 24 high
* Spot: 0.7938
* 1st support: 0.7875, July 21 low
* 2nd support: 0.7858, July 18 mid-price
* 3rd support: 0.7838, July 17 high

Bloomberg Pro Terminal

Trader Velizar Mitov

Varchev Traders

RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.

WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.

Varchev Finance

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Major Support and Resistance FOREX 25.7.2017

London

Universal numbers