USD Bounce or Break at Support

July 31, 2017

By Admiral Markets

The EUR/USD is an uptrend and a potential bounce at 1.1650-1.17 is likely considering the strong bullish momentum. A bullish breakout above 1.1775 could see price move towards 1.1850 and 1.20. The USD/JPY is showing bearishness as long as price stays below 111 and the GBP/USD market structure too if price manages to break above a key resistance trend line.

Metatrader 4 (MT4) Forex and CFD trading platform

Article by Admiral Markets

Source: USD Bounce or Break at Support


Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.