Euro Ascendant: EUR/USD Breaks $1.17 as Geopolitical Relief Sparks a Bullish Surge 
GBPJPY Surges to 211.88: Sterling Bulls Target 215 Amid Broad-Based Buying 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/NZD reverses course, bias back to downside 
Ethereum Braces for Volatility: Technicals Turn Bearish as Geopolitical Tensions Loom 
FxWirePro:NZD/USD jumps as RBNZ warns of higher OCR potential 
Pound Sterling Power: GBP/JPY Secures Third Day of Gains as Global Risk Tensions Recede 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: USD/ JPY slips as yen rallies after Mideast ceasefire declaration 
NZD/JPY Rockets as Kiwi Dollar Resilience Defies the Oil Shock 
Aussie Ascent: AUDJPY Charges Toward 112 as Bullish Momentum Hits Five-Day High 
Bitcoin's Tug-of-War: Bulls Eye 80,000 USD Despite Turbulent ETF Outflows 
Aussie Bulls Charge: AUD/JPY Rallies as Geopolitical Clouds Part 
FxWirePro: USD/ZAR continues to recovers , upside pressure builds 
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus 
Potential Reversal Zone (PRZ)- $50.59
US oil is trading extremely weak for the past 1- week and lost more than 10% on account global growth slowdown and US-China trade war. The trade conflict will decrease the demand for oil globally. US API reported a draw of 3.4 million barrels for the week ending Aug 1, compared to analyst expectations of 2.84 million. But unable to boost oil prices on ongoing economic turmoil. It hits low of $52.69 and is currently trading around $52.53.
On the flip side, near term support is around $52.15 and any violation below will drag the oil till $51.48/$50.60.
The near term resistance is around $53.25-30 and any break above will take the pair till $53.74/$54.64/$55.60.
It is good to buy on dips around $52.15-20 with SL around $51.48 for the TP of $55.35
