Intraday Forex Wednesday, July 22 (USDJPY, EURUSD, & etc.) The euro hit its strongest in 18 months, Gold soared to a 9-year high.


Hi everyone. This observation is made around 3:00 UTC. The Resistance and Support Line were constructed according to Fibonacci retrenchment. Any discussion is welcomed.

Asian Pacific shares were set to open lower today.
The dollar weakened after EU leaders reached an unprecedented $2 trillion stimulus package, plus concern that Republicans and Democrats are struggling to reach consensus on the next round of U.S. economic stimulus measures.
With the EU recovery plan sealed, investors will now focus on further U.S. stimulus after $3 trillion was injected earlier this year.

I also does analysis for some other currencies. Read more on the website on TECHNICAL ANALYSIS and DAILY MARKET NEWS.

  • The dollar steady at 106.744 yen.
  • Stochastic and RSI oscillators both entered undervalued ranges.
  • The MACD is trading above its signal line and negative.
Important Levels to Watch for Today:
  • Resistance line of 107.360 and 107.857.
  • Support line of 106.555 and 106.247.

  • The euro rose to $1.1541, its highest since early January 2019.
  • The euro hit its strongest in 18 months after EU leaders agreed on a landmark stimulus package to revive regional economies ravaged by the coronavirus.
  • Stochastic pulled back into overbought range, after briefly retreated for the 80-value mark.
  • RSI indicators also entered overbought range.
  • The MACD is trading below its signal line and positive.
Important Levels to Watch for:
  • Resistance line of 1.15741 and 1.16204.
  • Support line of 1.14242 and 1.13778.

For analysis of USDCHF, GBPUSD and other insight into the market, read more on the WEBSITE or click TECHNICAL ANALYSIS and DAILY MARKET NEWS.