Key Price Levels for GBPUSD, EURUSD, EURJPY, and Gold – July 27 – 31, 2020

The USD has continued to weaken, testing the lows of several years back across all instruments and currency pairs.

Gold has soared to an all-time high trading a little above the 2011 peak.

The EURUSD is visiting the September 2018 levels.

The GBPUSD on the other hand is trading close to the June 2020 highs – a key level we saw in March 2020.

From the fundamental perspective, world economies are still reeling from the COVID-19 pandemic and some countries are bracing for a second wave of corona cases.

Sellers will this week pounce on any optimistic US outlook to drive down the price.

The key event in their minds is that Wednesday Federal Funds Rate.

Until there is a clear direction for the USD, the 4 hour and daily charts are still printing bullish candles.

Below are the key levels to watch this week.

Need a forex broker? Try Tickmill or XM with a $30 no deposit bonus and eToro for US citizens.

Key Price levels this week.



Pivot – 1.15710.

Resistance Levels: 1.16686, 1.17289, 1.17718, 1.18265.

Support Levels: 1.14734, 1.14131, 1.13702, 1.13155



Pivot – 1.27043.

Resistance Levels: 1.28133, 1.28807, 1.29287, 1.29898.

Support levels. 1.25952, 1.25278, 1.24799, 1.24188



Pivot – 123.367.

Resistance levels: 124.181, 124.648, 125.042, 125.498

Support levels: 122.553, 122.050, 121.692, 121.236



Pivot – 1871.11.

Resistance levels: 1909.65, 1933.47, 1950.42, 1972.01

Support Levels: 1832.57, 1808.75, 1791.80, 1770.21

Key Fundamentals this week.

Monday, July 27

USD – Core Durable Goods Orders m/m
USD – Durable Goods Orders m/m

Tuesday, July 28

EUR – Spanish Unemployment Rate
USD – CB Consumer Confidence

Wednesday, July 29

USD – Pending Home Sales m/m
USD – Crude Oil Inventories
USD – FOMC Statement
USD – Federal Funds Rate
USD – FOMC Press Conference

Thursday, July 30

EUR – German Prelim GDP q/q
USD – Advance GDP q/q
USD – Advance GDP Price Index q/q
USD – Unemployment Claims

Friday, July 31

USD – Core PCE Price Index m/m
USD – Revised UoM Consumer Sentiment
USD – Core PCE Price Index m/m
USD – Personal Spending m/m

Need a forex broker? Try Tickmill or XM with a $30 no deposit bonus and eToro for US citizens.

Final remarks.

Want the key levels of any instrument you are trading on MT4?

Signup to my newsletter to receive the Pivot indicator.

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

Till next week.

Trade responsibly.

Hit the bell icon on the bottom right of this page to subscribe for notifications and follow me on Twitter @thetraderinyou to be the first to know when an article like this is published.

Need to try a new forex broker? Grab a $30 no deposit bonus from XM and Tickmill and trade risk-free. You can withdraw your profits.

#COVID-19 is real, be safe. #Trade safe and follow your rules. #forex #investment Click To Tweet

Leave a Comment

Are you SICK of loosing money and your mind trading?

Join traders like you and receive exclusive actionable trade ideas and resources that will help you extract money every day from the markets.