FxGrow Daily Technical Analysis – 25th July, 2017
By FxGrow Research & Analysis Team


Futures Technical Overview 25 July 2017


SEP EURO Closing (11677)

Target: None

Resistance: 11699, 11735 50

Support: 11609, 115915*

Trend: Up

Swing Target: 79.99

Range Reversal: 115.10

Comment: The market is bullish and could yet extend the drive, but be careful for resistance near 11735 50. A close over 11750 is needed to fuel another aggressive bull wave. Be on guard for near term corrective dips and shift to sideways defensive congestion. A close under 115915* will inject selling pressures, but only a close under 11510* triggers a lasting short term top.

SEP J YEN Closing (9026)

Target: 9049 achieved

Resistance: 90355, 9049*+/

Support: 8988, 89625, 89465*

Trend: Up

Swing Target: 117.27

Range Reversal: 89.465

Comment The market is short term bullish, but Monday's spike rally hit the expected 9049* resistance / bull objective. A close over 9049* is needed to continue bull trending to higher prices near the old downturn level around 9150+/ . Suspect setbacks from 9049* to retrace last week's range. A close under 89465* damages the bull advance, calling for a multi week correction phase.

SEP B POUND Closing (13060) ...

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Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.