EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – July 10, 2017

By:

Published: Jul 10, 2017, 08:08 GMT+00:00

EUR/USD The pair has been trading steadily despite the strength in the dollar that has been brought about by the strong NFP numbers. This is just a proof

EUR/USD

The pair has been trading steadily despite the strength in the dollar that has been brought about by the strong NFP numbers. This is just a proof of how strong the euro is and if the key resistance region around 1.1430 were not to cap it, the pair would have been much higher by now. The traders await for a break of this region to start buying again. …Read More

GBP/USD

The pair has been correcting due to the weakness in the manufacturing production data from the UK on Friday. This is seen as more of a correction of the latest move up rather than any change in the existing trend. The bulls would want to push the pair towards 1.3030 in the hope of better prices. …Read More

AUD/USD

The pair continues to chop around, which has been its price action over the last few days. The pair has not been able to break through higher due to the weakness in the gold and silver prices and they are likely to continue to weigh on this pair in the short term. …Read More

USD/JPY

The pair continues to trade in a strong manner and the next target for the bulls seems to be 115 in the short term. The pair would have been boosted by the strength in the dollar brought about by the strong NFP report on Friday. …Read More

About the Author

Colin Firstauthor

Colin specializes in developing trading strategies and analyze financial instruments both technically and fundamentally. Colin holds a Bachelor of Engineering From Milwaukee University.