Forex Technical Analysis 24.07.2015

EUR USD, "Euro vs US Dollar"

Eurodollar is forming another consolidation channel at the top of its ascending structure. If the pair breaks this channel upwards, the current correction may continue up to 1.1100; if downwards – fall inside the downtrend to reach 1.0940.

GBP USD, "Great Britain Pound vs US Dollar"

Pound is moving downwards to reach 1.5483. After that, the market may return to 1.5578 and then continue falling towards 1.5240.

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