U.S. Dollar Under Pressure

 
 
   By TRADING Central 
   The Dow Jones Newswires technical analysis partner 
 

        LONDON (Dow Jones)--Rolling 24-hour chart levels:
        Intraday EUR/USD: The RSI is well directed. Suggest LONG positions above 1.0965 with targets @ 1.1035 & 1.1085 in extension. Below 1.0965 look for further downside with 1.092 & 1.087 as targets.
        1 month trend: Bearish
        Intraday USD/JPY: The RSI is mixed to bearish. Suggest SHORT positions below 123.85 with targets @ 123.35 & 123.2 in extension. Above 123.85 look for further upside with 124.15 & 124.45 as targets.
        1 month trend: Bullish
        Intraday GBP/USD: Intraday technical indicators are mixed and call for caution. Suggest SHORT positions below 1.5535 with targets @ 1.5495 & 1.5465 in extension. Above 1.5535 look for further upside with 1.557 & 1.561 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 0.9585 with targets @ 0.9635 & 0.965 in extension. Below 0.9585 look for further downside with 0.9555 & 0.9535 as targets.
        1 month trend: Bullish
        Intraday EUR/GBP: The RSI is well directed. Suggest LONG positions above 0.706 with targets @ 0.71 & 0.713 in extension. Below 0.706 look for further downside with 0.704 & 0.701 as targets.
        1 month trend: Bearish
        Intraday EUR/JPY: A support base at 135.45 has formed and has allowed for a temporary stabilisation. Suggest LONG positions above 135.45 with targets @ 136.45 & 136.85 in extension. Below 135.45 look for further downside with 134.95 & 134.45 as targets.
        1 month trend: Bearish
        Intraday EUR/CHF: The RSI is well directed. Suggest LONG positions above 1.053 with targets @ 1.058 & 1.06 in extension. Below 1.053 look for further downside with 1.05 & 1.0465 as targets.
        1 month trend: Range
        Intraday AUD/USD: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited. Suggest SHORT positions below 0.734 with targets @ 0.7255 & 0.723 in extension. Above 0.734 look for further upside with 0.738 & 0.7415 as targets.
        1 month trend: Bearish
        * The pivot is the sum of the high, low and close divided by 3.
        This content was produced exclusively for Dow Jones by Trading Central, a leading investment research and commentary service specializing in technical analysis. (www.tradingcentral.com)
        This is a financial news and information service. It is provided in general terms and does not take account of or address any individual user's position. To the extent that this article includes suggestions as to various possible investment strategies which users might consider, it does so in only general terms without reference to the personal factors which should determine any user's investment decisions. Nothing contained in this service constitutes personalized investment advice. Dow Jones does not warrant the accuracy, completeness or timeliness of the information in this article, and any errors shall not be made the basis for any claim against Dow Jones. The author does not invest in the instruments or markets cited in this article. This article does not constitute or form part of any invitation or inducement to buy or sell any security.
        (END) Dow Jones Newswires

        July 27, 2015 02:36 ET (06:36 GMT)

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