The bullish divergence of the relative strength index (RSI), as seen in the hourly chart, indicates scope for a corrective rally toward the 200-hour MA of 1.3077. The major moving averages (50-hour, 100-hour and 200-hour) have shed bearish bias (flatlined). Hourly chart Spot Rate: 1.3010 Daily High: 1.3013 Daily Low: 1.2994 Trend: Bullish Resistance R1: 1.3033 (previous day’s doji candle high) R2: 1.3077 (200-hour moving average) R3: 1.3109 (July 16 low) Support S1: 1.30 (psychological support) S2: 1.2975 (previous day’s doji candle low) S3: 1.2951 (38.2% Fib R of Jan 31 low – June 27 high) FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold demand in the first half was the lowest since 2009 – World Gold Council FX Street 5 years The bullish divergence of the relative strength index (RSI), as seen in the hourly chart, indicates scope for a corrective rally toward the 200-hour MA of 1.3077. The major moving averages (50-hour, 100-hour and 200-hour) have shed bearish bias (flatlined). Hourly chart Spot Rate: 1.3010 Daily High: 1.3013 Daily Low: 1.2994 Trend: Bullish Resistance R1: 1.3033 (previous day's doji candle high) R2: 1.3077 (200-hour moving average) R3: 1.3109 (July 16 low) Support S1: 1.30 (psychological support) S2: 1.2975 (previous day's doji candle low) S3: 1.2951 (38.2% Fib R of Jan 31 low - June 27 high) Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
