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EURUSD

EUR USDThe Euro posted modest gains against the US Dollar in Friday’s session, As of now, the pair is trading with a slightly bearish tone on the 1H chart, indicating at the negative momentum in the near term. Moreover, the MACD indicator has recently witnessed a signal line crossover from above, followed by the 1.1665 and 1.1540 levels. On the other hand, key technical resistance is situated at the 1.1725 level,
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GBPUSD

GBP USDPositive if breaks above 1.3580 The Pound traded higher for the second successive session in the last session to close at 1.3518, after making a high at 1.3580. Currently, the pair is trading with a bullish showing on the 1H chart, ahead of the formal start of Brexit negotiation that is set to kick start today. Also, the MACD indicator is trading in the positive territory, hinting at the presence of bullish momentum in the coming session. Key near term resistance to be watched is position…
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USDJPY UP

USD JPY Bullish if breaks above 112.24 The US Dollar recorded significant losses against the Yen in the previous session, after the US housing starts posted a third consecutive fall in May to its lowest level since November, while the US consumer sentiment dropped to its lowest level in nine months in June. As of now, the pair is trading with an upside bias on the 1H chart, hinting at bullish momentum in the near term. Additionally, the MACD indicator has witnessed a signal line crossover from b…
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