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

  • 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.
  • 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.
  • Resistance line of 1.15741 and 1.16204.
  • Support line of 1.14242 and 1.13778.
  • The dollar fell to 0.93206 Swiss franc to reach the lowest since March.
  • Stochastic and RSI oscillators both entered undervalued ranges.
  • The MACD is trading above its signal line and negative.
  • Resistance line of 0.94053 and 0.94689.
  • Support line of 0.93418 and 0.93025.

[GBPUSD]

  • Against the British pound, the dollar traded at $1.2723, close to a six-week low.
  • Stochastic indicator pulled back from overbought range.
  • RSI indicators steadies around normal range of 50 for some time.
  • The MACD is trading below its signal line and positive.
  • Resistance line of 1.27898 and 1.28357.
  • Support line of 1.26415 and 1.25957.

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