180717103755-gfx-trade-war-trump-usa-china-cracked-full-169

[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.16414 and 1.16752.

- Support line of 1.15323 and 1.14986.

Commentary/ Reason:

- Euro has gained 1.6% this week, its best since late June, and 3.4% for the month so far to sit at $1.1613, just below a 21-month high hit overnight.

- Stochastic indicator in over 80 value into overvalued range.

- RSI oscillators flirting into undervalued range.

- The MACD is trading above its signal line and positive. The configuration is positive.

EURUSD

 

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.93018 and 0.93251.

- Support line of 0.92031 and 0.92264.

Commentary/ Reason:

- The safe-haven Swiss franc also hit a four-month peak of 0.9243 per dollar.

- Both Stochastic and RSI oscillators flirting into undervalued ranges.

- The MACD is trading above its signal line and negative.

USDCHF

 

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.2775 and 1.2809.

- Support line of 1.2665 and 1.2631.

Commentary/ Reason:

- Sterling hung on to early-week gains at $1.27488.

- Stochastic indicator steadies around normal range after a pullback from overbought range.

- RSI indicators at around normal range of 50.

- The MACD is trading above its signal line and positive. The configuration is positive.

GBPUSD