Euro “EC” (Sep)
Coverage for July 10
Monday's narrowly ranging session came one day after an attack on the high was barely averted. That suggests an attack will still come, and probably probe higher highs. Otherwise, any close under 1.3625 would signal that momentum was reversing down.
Resistance: 1.3670
Support: 1.3565
British Pound “BP” (Sep)
Coverage for July 10
Monday's gap up extended slightly higher intraday, nearly completing the expected retest of last week's high back to 2.0155-2.0175. The outstanding gap back to Friday's close should then attract price back down to it and through it in order to fill outstanding gaps from the recent rally.
Resistance: 2.0175
Support: 2.0050
Swiss Franc “SF” (Sep)
Coverage for July 10
Monday's open gapped up to test Friday's high, which held as resistance and reversed price down to fill the gap back to Friday's close. The entire session was spent in positive territory without improving above prior highs, somewhat "ineffectually optimistic." But so long as pullbacks now hold any test of .8240, the gap back to Monday's close around .8310 should be filled next.
Resistance: .8295
Support: .8225
Japanese Yen “JY” (Sep)
Coverage for July 10
The pullback might be ending, since Monday's opening gap down was quickly reversed up into positive territory, while MACD & RSI diverged positively. The balance of the session ranged narrowly around Friday's close, and there is still no signal either way.
Resistance: .8220
Support: .8155
Australian Dollar “AD” (Sep)
Coverage for July 10
Friday's limp test of prior highs couldn't force a reaction down, so buyers filled the void with a gap up to new highs. Higher highs had already printed overnight, and should be tested during regular trading hours.
Resistance: .8610
Support: .8560
Canadian Dollar “CD” (Sep)
Coverage for July 10
Monday's session essentially ranged between Friday's high and its close. This hid the overnight rally that peaked at resistance. The pattern in-play would turn down sharply under .9560, confirmed under .9535, but the overnight high should be retested during regular trading hours. Then a drop that fills the gap back to Thursday's .9480 close would be targeted.
Resistance: .9590
Support: .9480
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