Daily reviews

EURUSD

The pair broke out of the range of 1.1190–1.1345 where it’s been for some time. The pair is supported by the hopes that the recovery fund plan will be approved at the EU summit on July 18th.

Technical side:

The price is above the upper Bollinger band, above SMA …

AUDUSD

The currency pair is trading in the upper flat range. The main H4 level pattern is truncated and the subwaves of the wave C (ascending H2 level pattern) currently have a truncated wave C. The formation of a reversal wave model is likely. A bearish divergence has formed on …

The Australian dollar fluctuated in a narrow range slanting back down during the Asian session to witness its bounce for the second consecutive session from its highest since June 11 against the US dollar amid the scarcity of economic data today Wednesday from the Australian economy and its American counterpart, …

The single currency fluctuated the euro in a narrow range slanting up during the Asian session against the US dollar on the threshold of developments and economic data expected by the economies of the euro area, which includes the European Commission's disclosure of its economic forecasts for the summer and …

Gold price futures fluctuated in a narrow range tilted toward decline during the Asian session to witness its bounce for the second session from the top since September 21, 2011 with the positive stability of the dollar index according to the inverse relationship between them amid the scarcity of economic …

The US dollar fluctuated in a narrow range tilted to the upside during the Asian session against the Japanese yen after the developments and economic data that it followed from the Japanese economy and amid the scarcity of economic data today by the US economy, the largest economy in the …