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Forex Daily Forecast – 19 June 2018

Forex Daily Forecast – 19 June 2018

EURUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 1.1608
Expected Target 1.1567

Alternate Scenario:
Buy Above 1.1648
Expected Target 1.1689

Events:

ECB President Draghi Speaks release on 13:30 GMT by European Union

Housing Starts (MoM) (May) release on 18:00 GMT by US

GBPUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 1.3237
Expected Target 1.3196

Alternate Scenario:
Buy Above 1.3277
Expected Target 1.3318

Events:

FOMC Member Williams Speaks release on 01:15 GMT by US

AUDUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 0.7374
Expected Target 0.7333

Alternate Scenario:
Buy Above 0.7414
Expected Target 0.7455

Events:

RBA Meeting Minutes release on 07:00 GMT by Australia

Redbook (YoY) release on 18:25 GMT by US

USDJPY INTRADAY : Probable Downside

Preferred Trade:
Sell below 109.522
Expected Target 109.112

Alternate Scenario:
Buy Above 109.922
Expected Target 110.322

Events:

30-Year JGB Auction release on 09:05 GMT by Japan

52-Week Bill Auction release on 21:00 GMT by US

XAUUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1285.07
Expected Target 1289.08

Alternate Scenario:
Sell Below 1281.07
Expected Target 1277.06

Events:

FOMC Member Bullard Speaks release on 16:30 GMT by US

XBRUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 74.94
Expected Target 75.35

Alternate Scenario:
Sell Below 74.54
Expected Target  74.13

Events:

Building Permits (May) release on 18:00 GMT by US

Disclaimer:
The Chart and Analysis presented above is only for information purpose and not to be considered as Forex Trading Instruction. BlueMax doesn’t bear any responsibility for any trading losses that might incur as a result of using this analysis/report.