U.S. Dollar Remains Bullish

 
   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 1.087 with targets @ 1.081 & 1.0735 in extension. Above 1.087 look for further upside with 1.091 & 1.096 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 @ 124.6 & 124.9 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 mixed to bearish. Suggest SHORT positions below 1.563 with targets @ 1.5535 & 1.5495 in extension. Above 1.563 look for further upside with 1.5675 & 1.573 as targets.
        1 month trend: Range
        Intraday USD/CHF: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Suggest LONG positions above 0.958 with targets @ 0.9655 & 0.968 in extension. Below 0.958 look for further downside with 0.955 & 0.9505 as targets.
        1 month trend: Bearish
        Intraday EUR/GBP: As long as 0.6975 is resistance, look for choppy price action with a bearish bias. Suggest SHORT positions below 0.6975 with targets @ 0.693 & 0.691 in extension. Above 0.6975 look for further upside with 0.7 & 0.702 as targets.
        1 month trend: Range
        Intraday EUR/JPY: As long as 134.95 is resistance, look for choppy price action with a bearish bias. Suggest SHORT positions below 134.95 with targets @ 134.3 & 133.75 in extension. Above 134.95 look for further upside with 135.3 & 135.6 as targets.
        1 month trend: Bearish
        Intraday EUR/CHF: The RSI has just landed on its neutrality area at 50% and is turning up. Suggest LONG positions above 1.0395 with targets @ 1.0465 & 1.049 in extension. Below 1.0395 look for further downside with 1.037 & 1.0345 as targets.
        1 month trend: Range
        Intraday AUD/USD: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Suggest LONG positions above 0.7345 with targets @ 0.7395 & 0.742 in extension. Below 0.7345 look for further downside with 0.7325 & 0.73 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 21, 2015 02:23 ET (06:23 GMT)

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