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Daily Market News — July 15th 2020

Risky assets bounced back due to the headlines on coronavirus vaccine trial. The EUR/USD pair has made a bullish breakout to make long-term highs above 1.14. The resistance levels are 1.1517, 1.1570, and 1.1624, The support levels are 1.1371, 1.1321, and 1.1297. The USD/JPY pair is ranging with both currencies acting as safe havens. The resistance levels are 107.42, 107.76. and 10787. The support levels are 107.10, 106.43, and 106.15. The GBP/USD […]

Daily Market News — July 14th 2020

Due to renewed US-China tension, safe havens such as the US dollar is seeing a comeback at the moment. The EUR/USD pair looks weakly bullish with a possible new higher support at 1.1335. The resistance levels are 1.1517, 1.1570 and 1.1624. The support levels are 1.1321, 1.1297, and 1.1245. The USD/JPY pair is ranging with the US dollar gaining some ground. The resistance levels are 107.42, 107.76, and 107.87. The support levels are […]

Daily Market News — July 13th 2020

The US dollar is experiencing a sell-off as the market is on a risk-on mode at the moment. The EUR/USD pair is looking bullish, however, it is consolidating below the 1.14 area. The resistance levels are 1.1517, 1.1570, and 1.1624. The support levels are 1.1321, 1.1297, and 1.1245. The USD/JPY pair is ranging, but the US dollar is weakening at the moment. The resistance levels are 107.10, 107.42, and 107.76. The support levels are 106.43, 106.15, […]

Daily Market News — July 9th 2020

A risk-off sentiment is dominating the market at the moment with the US dollar experiencing a sell-off. The EUR/USD pair has made a bullish breakout with the price trading near the new multi-month high. The resistance levels are 1.1517, 1.1570, and 1.1624. The support levels are 1.1354, 1.1327, and 1.1303. The USD/JPY pair is looking weakly bearish with the focus on US dollar weakness contributing to the fall. The resistance levels are 107.35, 107.76, and 107.7. […]

Daily Market News — July 8th 2020

Markets lack strong macroeconomic data and is drifting sideways, with the pound looking bullish, and the Australian dollar looking bearish. The EUR/USD pair looks bullish above the 1.1303 level, but needs to overcome long-term resistance at 1.1354. The resistance levels are 1.1354, 1.1517, and 1.1570. The support levels are 1.1303, 1.1245, and 1.1195. The USD/JPY pair is range bound at the moment and looks likely to consolidate for a while. The resistance levels are 107.76, […]

Daily Market News — July 7th 2020

The improving risk sentiment has boosted the pound and the euro against the greenback and the yen. The EUR/USD pair looks bullish above 1.1303 and needs to clear long-term resistance at 1.1354. The resistance levels are 1.1354, 1.1517, and 1.1570. The support levels are 1.1303, 1.1245, and 1.1195. The USD/JPY pair looks weakly bullish and looks likely to consolidate today. The resistance levels are 107.87, 108.23, and 108.54. The support levels are 107.29, 106.80, and 106.43. The GBP/USD […]

Daily Market News — July 6th 2020

The pound and the euro are rising in value against the greenback and the yen, as the risk sentiment has improved. The EUR/USD pair looks more bullish after breaking above the 1.1250 level. The 1.13 level could offer strong resistance. The resistance levels are 1.1309, 1.1354, and 1.1517. The support levels are 1.1245, 1.1195, and 11155. The USD/JPY pair looks weakly bullish and looks likely to consolidate today. The resistance levels are 107.87, 108.23, and 108.54. […]

Daily Market News — July 2nd 2020

As the risk sentiment in the market improved, the pound and the euro appreciated against the US dollar and the yen. The EUR/USD pair looks more bullish as the support level at 1.1195 level holds but looks likely to consolidate. The resistance levels are 1.1289, 1.1311, and 1.1354. The support levels are 1.1195, 1.1155, and 1.1089. The USD/JPY pair is consolidating and the price looks set to range unpredictably. The resistance levels are 107.58, 108.23, and 108.54. The support levels are […]

Daily Market News — July 1st 2020

Risk sentiment is improving boosting the Japanese yen and the US dollar. The EUR/USD pair is consolidating with the formation of a triple bottom pattern. The resistance levels are 1.1289, 1.1311, and 1.1354. The support levels are 1.1195, 1.1155, and 1.1089. The USD/JPY pair is weakly bullish with the 107.52 level to be pivotal today. The resistance levels are 108.23, 108.54, and 108.61. The support levels are 107.52, 106.80, and 16.43. The GBP/USD pair […]

Daily Market News — June 30th 2020

As the market shrug off the coronavirus concerns, the risk sentiment is now recovering. The EUR/USD pair is in a consolidation pattern between the 1.1195 level and the 1.1354 level. The resistance levels are 1.1289, 1.1311, and 1.1354. The support levels are 1.1195, 1.1155, and 1.1089. The USD/JPY pair is looking bullish as the yen looks weak on improved risk sentiment. The resistance levels are 107.86, 108.23, and 108.54. The support levels are 107.52, 106.80, and 106.43. […]

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