DecaPip Daily, July 1st, 2015: Spotlight On EUR/USD And GBP/USD
Littlefish FX | Jul 01, 2015 04:53AM ET
In this edition of DecaPip Daily, I would like to put the spotlight on the EUR/USD and GBP/USD.
I have been giving some attention to EUR/USD on DecaPip lately primarily because it has been a way to get exposure to the volatile situation in Greece.
After Monday's extraordinary bullish daily candle, yesterday we closed with a large reversal candle and a swift rejection from the 1.1240 area. What can the charts tell us about Wednesday's session?
Also, I would like to look at GBP/USD. It is getting interesting the amount of rejection it is receiving in the 1.5770 area. Also, it seems unable to close below 1.5680. So, I would like to also look at some key areas on a chart today.
EUR/USD
1.1205 Resistance 1
1.1280 Resistance 2
1.1438 Resistance 3
1.1105 Support 1
1.1018 Support 2
1.0880 Support 3
GBP/USD
1.5759 Resistance 1
1.5844 Resistance 2
1.5670 Support 1
1.5620 Support 2
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.