July 10 market commentary and technical levels

EURUSD Outlook
The Euro was traded stronger opposite Dollar yesterday. The span surfaced during 1.5750 as well as sealed during 1.5738. We have the bullish channel upon hourly chart. We competence still in consolidation/correctional proviso of bullish outlook, so the span competence have an additional try to pull lower. As prolonged as the span pierce upon top of 1.5650, the disposition is up. My indication for currently is churned with upside bias. CCI in neutral area upon every day chart. A unchanging pierce upon top of 1.5750 could trigger serve upside scenario.

EURUSD Daily Supports as well as Resistances:

S1= 1.5676
S2= 1.5614
S3= 1.5577
R1= 1.5775
R2= 1.5812
R3= 1.5874

GBPUSD Outlook
The Greenback slumped opposite Sterling yesterday. GBPUSD surfaced during 1.9837 as well as sealed during 1.9835. The span is creation the brand brand new bullish channel upon hourly as well as 4h chart. My indication goes prolonged targeting 1.9895. Immediate await is seen during 1.9780. CCI in overbought area in 4h draft so watch out for the teenager downside pullback.

GBPUSD Daily Supports as well as Resistances:

S1= 1.9725
S2= 1.9615
S3= 1.9559
R1= 1.9891
R2= 1.9947
R3= 2.0057

USDJPY Outlook
The Japanese Yen recovered opposite Dollar yesterday. The span bottomed during 106.68 as well as sealed during 106.80. We have the current bearish channel from final tall upon 16/06/2008 (108.58) upon every day chart. My indication is short, targeting 106.15. Immediate insurgency is seen during 106.91. CCI heading down towards -100 line upon every day chart.

USDJPY Daily Supports as well as Resistances:

S1= 106.43
S2= 106.06
S3= 105.45
R1= 107.41
R2= 108.02
R3= 108.39

USDCHF Outlook
The Swiss Franc recovered opposite US Dollar yesterday. The span bottomed during 1.0276 as well as sealed during 1.0284. The span is creation the brand brand new bearish channel upon hourly chart. My indication is reduced targeting 1.0215. Immediate insurgency is seen during 1.0310. CCI in neutral area upon every day chart.

USDCHF Daily Supports as well as Resistances:

S1= 1.0256
S2= 1.0228
S3= 1.0181
R1= 1.0331
R2= 1.0378
R3= 1.0406

Have the good day!
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