FOREX TRADING

Euro 1.2610

Initial support at 1.2194 (July 1 low) followed by 1.2045 (June 11 low). Initial resistance is now located at 1.2672 (May 21 high) followed by 1.2803 (May 11 high)

Yen 87.50

Initial support is located at 86.97 (July 1 low) followed by 85.87 (Nov 30, 2009 low). Initial resistance is now at 88.56 (July 1 high) followed by 89.42 (June 28 high).

Pound 1.5140

Initial support at 1.5000 (Psychological level) followed by 1.4857 (Jun 25 low). Initial resistance is now at 1.5242 (38.2% retrace of 1.6878-1.4231) followed by 1.5391 (April 30 high).

Australian Dollar 0.8490

Initial support at 0.8263 (June 9 low) followed by the 0.8067 (May 25 low). Initial resistance is now at 0. 8566 (June 30 high) followed by 0.8722 (June 29 high).

Gold 1193

Initial support at 1189 (July 6 low) followed by 1185 (May 25 low). Initial resistance is now at 1244 (July 1 high) followed by 1265 (June 25 high).

Oil 72.20

Initial support at 70.00 (Intraday Support) followed by 69.50 (Intraday Support). Initial resistance is now at 72.50 (Intraday Resistance) followed by 75.00 (Intraday Resistance).