Sunday 2 July 2017

GBPUSD Daily Analysis – July 3, 2017 Forex Analysis

Under pressure by 1.3047 (May 18 high) resistance, GBPUSD pulled back from 1.3029, suggesting that consolidation for the uptrend from 1.2589 is underway. Range trading between 1.2900 and 1.3029 would likely be seen in a couple of days. The key support is located at the ascending trend line on its 4-hour chart. As long as … Continue reading "GBPUSD Daily Analysis – July 3, 2017"

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EURUSD Daily Analysis – July 3, 2017 Forex Analysis

EURUSD is facing 1.1450 resistance. Range trading between 1.1350 and 1.1445 would likely be seen in a couple of days. Near term support is at 1.1350 and the key support is at 1.1290. As long as these level holds, the uptrend from 1.1118 could be expected to continue and further rise to 1.1600 area is … Continue reading "EURUSD Daily Analysis – July 3, 2017"

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