Key Price Levels for GBPUSD, EURUSD, EURJPY, and Gold – July 06 – 10, 2020

There’s debate to avoid trading on Mondays – that price is static and erratic.

Not the Mondays of the weeks past.

We’ve seen a significant move this morning against the US dollar.

USD Sellers have taken back the Thursday losses from the better than forecasted NFP results.

Will USD Sellers hold on to their gains, seek new levels or give it back?

We’ll see.

Whatever happens, we expect price to respect these key pivot levels on the currency pairs we are trading this week.

What do you make of them?

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Key Price levels this week.

EURUSD.

EURUSD 07 Key levels @thetraderinyou

Pivot – 1.1241.

Resistance Levels: 1.1286, 1.1313, 1.1333, 1.1358.

Support Levels: 1.1195, 1.1168, 1.1148, 1.1123

GBPUSD.

GBPUSD Forecast July

Pivot – 1.2418.

Resistance Levels: 1.2525, 1.2591, 1.2638, 1.2697.

Support levels. 1.2312, 1.2246, 1.2199, 1.2139

EURJPY.

EURJPY 06-07 Key levels @thetraderinyou

Pivot – 120.789.

Resistance levels: 121.315, 121.640, 121.871, 122.165

Support levels: 120.264, 119.939, 119.708, 119.413

GOLD.

Gold 03-07 Key levels @thetraderinyou

Pivot – 1773.86.

Resistance levels: 1786.00, 1793.50, 1798.84, 1805.64.

Support Levels: 1761.72, 1754.22, 1748.88, 1742.08

Key Fundamentals this week.

Monday, July 06


USD – ISM Non-Manufacturing PMI

Wednesday, July 08

EUR – EU Economic Forecasts
USD – Crude Oil Inventories

Thursday, July 09

EUR – Eurogroup Meetings
USD – Unemployment Claims

Friday, July 10

USD – Core PPI m/m
USD – PPI m/m

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Final remarks.

We have a lean economic calendar.

If there is no unexpected geopolitical news this week, then we expect a clean technical driven trading week.

Just keep an eye on the key price levels.

I will give you my pivot indicator for free if you signup to my newsletter.

With it you can get the key price levels for any instrument you are trading on any MT4 platform.

Till next week.

Trade responsibly.

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