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Forex Daily Outlook – June 18, 2018

Forex Daily Outlook – June 26, 2018

EUR/USD

The pair managed to reverse its positions in the Friday’s session after falling vehemently the previous session post the announcement from ECB. The market still has a strong support around the 1.15 level and break below this level will push this market much lower. The market is likely to continue weak in the short term because there are a lot of concerns in the market related to interest rate hikes down the road. …Read More

GBP/USD

The pair started off with a weak note in the Friday’s session but bounced significantly and is testing the 1.33 level. The market is likely to continue to volatile and any signs of weakness will further pull this market down. The pair needs to break multiple resistance levels in order to reverse the bearish sentiment. The 1.30 level underneath is a strong support zone underneath. …Read More

AUD/USD

The AUD tried to rally during the Friday’s but failed sustain and gave back all the gains. The pair has sliced through the 0.75 level in a very short span of time and is now looking for support at the 0.7450 level. The market will continue to remain volatile and trade with a negative proclivity. Next major support at the market is at the 0.7350 level. …Read More

USD/JPY

The USD continues to remain volatile during the Friday’s session and pulled back from 110.75 level to wipe out the entire gains of the previous session. The market looks very concerned about the trade wars and its effect on the global trade scenario. Any type of exhaustion in the market will pull this market down with 110 level and 109 level underneath continues to offer strong support. …Read More

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This article was originally posted on FX Empire

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