2018-07-20 12:49:22 UTC+00

Fractal analysis for major currency pairs as of July 20
For the EUR / USD pair, there is a high probability of canceling the downward structure from July 17, for which a breakdown of 1.1688 is necessary. For the GBP / USD pair, the continuation of the development of the downward structure from July 16 is expected after the breakdown of 1.2990.

2018-07-20 10:43:18 UTC+00

Intraday technical levels and trading recommendations for EUR/USD for July 20, 2018
Lack of enough bearish momentum allowed another bullish pullback to occur towards 1.1750 (the lower limit of the depicted supply zone) where bearish pressure was expressed on Tuesday. That's why, the EUR/USD pair remains trapped inside the consolidation range between the depicted key-levels 1.1520 and 1.1750 until breakout occurs in either direction.

2018-07-20 10:40:52 UTC+00

NZD/USD Intraday technical levels and trading recommendations for July 20, 2018
Currently, recent signs of bullish weakness are being manifested on the chart. The bulls are failing to maintain enough bullish momentum above 0.6820 which may endanger the bullish reversal scenario. The price zone 0.6750-0.6800 still constitutes a demand zone to be considered for a valid BUY entry. Bullish fixation above 0.6820 is needed to provide enough bullish momentum towards 0.6900-0.6980.

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