EUR to Struggle Below $1.081

   By Francis Bray, CFTe MSTA
   A DOW JONES NEWSWIRES COLUMN

        LONDON (Dow Jones)--Rolling 24-hour chart levels:

        Intraday EUR/USD: A break below 1.081 would trigger a drop towards 1.0735.Suggest SHORT positions below 1.091 with targets @ 1.081 & 1.0735 in extension. Above 1.091 look for further upside with 1.0985 & 1.1035 as targets.

        1 month trend: Bearish

        Intraday USD/JPY: The RSI is supported by a rising trend line. Suggest LONG positions above 123.9 with targets @ 124.35 & 124.6 in extension. Below 123.9 look for further downside with 123.7 & 123.35 as targets.

        1 month trend: Bullish

        Intraday GBP/USD: The RSI is bearish and calls for further downside. Suggest SHORT positions below 1.564 with targets @ 1.5555 & 1.5495 in extension. Above 1.564 look for further upside with 1.5675 & 1.573 as targets.

        1 month trend: Range

        Intraday USD/CHF: The RSI is bullish and calls for further advance. Suggest LONG positions above 0.955 with targets @ 0.9635 & 0.967 in extension. Below 0.955 look for further downside with 0.9505 & 0.9475 as targets.

        1 month trend: Bearish

        Intraday EUR/GBP: Technically the RSI is below its neutrality area at 50.Suggest SHORT positions below 0.6975 with targets @ 0.691 & 0.689 in extension. Above 0.6975 look for further upside with 0.7 & 0.702 as targets.

        1 month trend: Range

        Intraday EUR/JPY: A break below 134.3 would trigger a drop towards 133.75.Suggest SHORT positions below 134.85 with targets @ 134.3 & 133.75 in extension. Above 134.85 look for further upside with 135.3 & 135.6 as targets.

        1 month trend: Bearish

        Intraday EUR/CHF: A support base at 1.0395 has formed and has allowed for a temporary stabilisation. Suggest LONG positions above 1.0395 with targets @ 1.045 & 1.0465 in extension. Below 1.0395 look for further downside with 1.037 & 1.0345 as targets.

        1 month trend: Range

        Intraday AUD/USD: The RSI is capped by a declining trend line. Suggest SHORT positions below 0.7385 with targets @ 0.73 & 0.7275 in extension. Above 0.7385 look for further upside with 0.7405 & 0.7435 as targets.

        1 month trend: Bearish

        * The pivot is the sum of the high, low and close divided by 3.

        For more technical analysis see: Dow Jones Newswires, N/DJTA; Bloomberg, NI DJTA; and Reuters key word search "INSI-DJN"

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        (END) Dow Jones Newswires

        July 20, 2015 02:48 ET (06:48 GMT)

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