Key Price Levels for GBPUSD, EURUSD, EURJPY, and Gold – July 20 – 24, 2020

The EURUSD has flirted with the March highs for four days in a row.

Investors are optimistic that the EU summit will yield results that strengthen the European Union.

Out of the EU – Japan will be closed for business on Thursday and Friday to observe the Marine and the Health-Sports days respectively.

Still in the fundamentals this week, Friday is the only day in the economic calendar full of high impact news.

Below are the key levels to watch this week.

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Key Price levels this week.

EURUSD.

EURUSD-weekly-forecast

Pivot – 1.13909

Resistance Levels: 1.14495, 1.14858, 1.15116, 1.15445

Support Levels: 1.13322, 1.12959, 1.12701, 1.12373

GBPUSD.

GBPUSD-weekly-forecast

Pivot – 1.25695

Resistance Levels: 1.26406, 1.26845, 1.27158, 1.27556

Support levels. 1.24984, 1.24545, 1.24232, 1.23834

EURJPY.

EURJPY-weekly-forecast

Pivot – 121.862

Resistance levels: 122.556, 122.985, 123.290, 123.679

Support levels: 121.168, 120.739, 120.434, 120.045

GOLD.

GOLD-weekly-forecast

Pivot – 1804.77

Resistance levels: 1814.14, 1919.92, 1824.04, 1829.29

Support Levels: 1795.40, 1789.62, 1785.50, 1780.25

Key Fundamentals this week.

Monday, July 20

EUR – EU Economic Summit

Wednesday, July 22

USD – Crude Oil Inventories

Thursday, July 23

JPY – Bank Holiday
GBP – MPC Member Haskel Speaks
USD – Unemployment Claims
USD – CB Leading Index m/m

Friday, July 24

JPY – Bank Holiday
EUR – French Flash Services PMI
EUR – French Flash Manufacturing PMI
EUR – German Flash Manufacturing PMI
EUR – German Flash Services PMI
EUR – Flash Manufacturing PMI
EUR – Flash Services PMI
GBP – Flash Manufacturing PMI
GBP – Flash Services PMI
USD – Flash Manufacturing PMI

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Final remarks.

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Till next week.

Trade responsibly.

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