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EURUSD remains supported above 1.110

Discussion in 'Fundamental Analysis' started by AllFXBrokers, Jul 15, 2016.

  1. AllFXBrokers

    AllFXBrokers Member Trader

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    The Bank of England’s decision to hold monetary policy steady saw the GBP surge against the US dollar, clearing 1.32 with 1.36 now coming into focus. EURUSD’s price remains broadly flat but with the 1.110 resistance being cleared; we could expect to see an eventual rally to 1.120. Gold prices are seen establishing support at 1327.50 and could see a near term bounce to the upside. Watch USDJPY for a potential pullback to 102 – 103 support.

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