Pre EU Open: Daily Technical Analysis
Wednesday, July 22, 2026
Get the latest technical market scenarios from Trading Central ahead of the European trading session. This update highlights key intraday levels, preferred scenarios and alternative price movements across major forex pairs, commodities and indices.
Markets covered: EUR/USD, WTI Oil, GBP/USD, USD/JPY, EUR/GBP, Gold, S&P 500 CME, DAX Eurex and FTSE 100 ICE Europe.
Please note: markets can move quickly. Some key levels may already have been reached, and certain scenarios may already have played out by the time this analysis is reviewed.
Markets covered: EUR/USD, WTI Oil, GBP/USD, USD/JPY, EUR/GBP, Gold, S&P 500 CME, DAX Eurex and FTSE 100 ICE Europe.
Please note: markets can move quickly. Some key levels may already have been reached, and certain scenarios may already have played out by the time this analysis is reviewed.
Technical Analysis Summary
Market Comments
EUR/USD remains capped by the short-term downtrend while trading below 1.1415. Upside potential may remain limited by this resistance level.
WTI Oil keeps a positive structure while holding above the 84.00 intraday support level. RSI remains bullish, supporting the possibility of further upside.
GBP/USD remains under pressure below 1.3410. As long as this level acts as resistance, the pair may move back towards 1.3355.
USD/JPY shows upside potential above 162.90. RSI is losing bearish momentum, which supports the possibility of a move towards 163.40 and 163.60.
EUR/GBP maintains a bullish bias while 0.8512 remains support. RSI is above the neutral 50 level, while MACD signals suggest that a short-term correction is still possible.
Gold shows a bullish setup above 4085. RSI is positively oriented, supporting the possibility of further upside towards 4155 and 4180.
S&P 500 CME points towards 7575 while trading above 7525. RSI momentum is weak, so traders should remain cautious despite the positive scenario.
DAX Eurex remains positive above 24925, with 25200 as the next level to watch. RSI is bullish, supporting the possibility of continued upside movement.
FTSE 100 also keeps a bullish structure above 10540. RSI remains bullish, supporting the possibility of a move towards 10633 and 10690.
WTI Oil keeps a positive structure while holding above the 84.00 intraday support level. RSI remains bullish, supporting the possibility of further upside.
GBP/USD remains under pressure below 1.3410. As long as this level acts as resistance, the pair may move back towards 1.3355.
USD/JPY shows upside potential above 162.90. RSI is losing bearish momentum, which supports the possibility of a move towards 163.40 and 163.60.
EUR/GBP maintains a bullish bias while 0.8512 remains support. RSI is above the neutral 50 level, while MACD signals suggest that a short-term correction is still possible.
Gold shows a bullish setup above 4085. RSI is positively oriented, supporting the possibility of further upside towards 4155 and 4180.
S&P 500 CME points towards 7575 while trading above 7525. RSI momentum is weak, so traders should remain cautious despite the positive scenario.
DAX Eurex remains positive above 24925, with 25200 as the next level to watch. RSI is bullish, supporting the possibility of continued upside movement.
FTSE 100 also keeps a bullish structure above 10540. RSI remains bullish, supporting the possibility of a move towards 10633 and 10690.
Risk Warning
This content is provided for informational purposes only and does not constitute investment advice, a personal recommendation or an offer to buy or sell any financial instrument. Trading CFDs and other leveraged products involves significant risk and may not be suitable for all investors. Market conditions can change quickly, and past price behaviour does not guarantee future results.
