EURUSD reached 1.1129, GBPUSD remains positive in Forex

July 28, 2015

EURUSD Euro/dollar reached 1.1129

Beginning of a new trading week was successful for the euro/dollar. The pair continued to rise, broken through resistance at 1.1000-1.1052 and testing the level of 1.1129. A break through above the technical resistance improves the prospects and assumes growth of the pair up to 1.1200-1.1216. A break through of this resistance will allow the bulls to test 1.1277. Fundamental factors are not in any way justify the growth of the euro, that is why we are still talking about the remaining risks of renewed fall.

 

GBPUSD Pound/dollar remains positive

Through resistance at 1.5545 and rose to the level of 1.5595, after testing of which was a rolled back up to 1.5554. The demand on the dips remains, and the pair may retest the resistance at the 56th figure. However, as long as it trades below of this level, the risks of resumption of decline will remain.

 

USDCHF Dollar/franc has tested 0.9632

The growth of euro together with the Swiss franc has supported the dollar/franc, which yesterday got back above the resistance in the area of 0.9568 and tested the 0.9632 level. A break through of this level will lead to testing of resistance in the area of 0.9666. It should be noted that a possible rebound of euro/franc will put pressure on the dollar/franc.


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USDJPY Dollar/yen recovers

Yesterday, wishers to sell the US dollar against Japanese yen lower of 123rd figure were not, but here there was buying interest, against which the pair has risen to the level of 123.70. The next the bulls may test the 124th figure, a break through of which is necessary for the resumption of an uptrend. The loss of 123rd figure will result in a decrease in the area of 122nd.

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