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26 Jul 2018

EUR/USD Technical Analysis: Retreat from key resistance continues below 1.1650

Bearish pressure rises as pair breaks below 1.1650, extending daily losses.
Next support is seen around 1.1630 and below at 1.1600.
Double top formation near 1.1750, with the neckline at 1.1670 shows target near 1.1590.
Downtrend line at 1.1740/50 is the key dynamic resistance: a break higher should clear the way to more gains.

EUR/USD 15 minutes chart

EUR/USD

EUR/USD 4 Hour chart

EUR/USD 4H

Spot rate: 1.1642
High: 1.1743
Low: 1.1642

Trend: Bearish

Resistance 1: 1.1650
Resistance 2: 1.1675
Resistance 3: 1.1705

Support 1: 1.1630
Support 2: 1.1600
Support 3: 1.1575

Jul 26, 2018

Bank of Mexico to keep rates on hold at 7.75% - TDS

Next week, the Governing council of the Bank of Mexico will meet. Analysts at TDS expected the central bank to keep the key rate on hold at 7.75%. The

GBP/USD Technical Analysis: Bears take the lead and drive GBP/USD close to 1.3100 level

GBP/USD 15-minute chart Spot rate: 1.3110 Relative change: -0.60% High: 1.3214 Low: