Daily Technical Analysis (2015.07.20)

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Source: AvaTrade Forex Broker (Review and rebate system) 

Summary :
Target Level : 1.0819
Target Period : 8 hours

Analysis :
Triangle has broken through the support line at 19-Jul-16:15 2015 GMT-5. Possible bearish price movement forecast for the next 8 hours towards 1.082.

Supporting Indicators :
Downward sloping Moving Average

Resistance Levels :
( A ) 1.0908Last resistance turning point of Triangle.

EUR/USD Chart

Summary :
Target Level : 123.915
Target Period : 6 hours

Analysis :
Triangle identified at 19-Jul-18:00 2015 GMT-5. This pattern is still in the process of forming. Possible bearish price movement towards the support 123.915 within the next 6 hours.

Resistance Levels :
( B ) 124.15Last resistance turning point of Triangle.

Support Levels
( A ) 123.915Last support turning point of Triangle.

USDJPY Chart

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