StockMarket-0efaf07f46f843e08ae76abab777e08c

[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.18786 and 1.20398.

- Support line of 1.16794 and 1.15182.

Commentary/ Reason:

- The dollar was last at $1.1767 per euro, with the single currency having gained 4.8% in July to stretch as far as $1.1908

- Both Stochastic and RSI indicators pulled back from undervalued range of 20 and 30 values, respectively.

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

EURUSD

 

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.92071 and 0.93179.

- Support line of 0.90702 and 0.89595.

Commentary/ Reason:

- The pair at 0.9146 as of now, after hitting new low of 0.9055 last week’s Friday.

- Both Stochastic and RSI indicators pulled back from overvalued ranges of 80 and 70 values, respectively.

- The MACD is trading below its signal line and positive.

USDCHF

 

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.31647 and 1.32539.

- Support line of 1.28759  and 1.27867.

Commentary/ Reason:

- Both Stochastic and RSI oscillator steadies around the normal range of 50 after a pullback from oversold ranges before.

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

GBPUSD