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Forex Daily Forecast – 20 June 2018

Forex Daily Forecast – 20 June 2018

EURUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 1.1549
Expected Target 1.1508

Alternate Scenario:
Buy Above 1.1589
Expected Target 1.1630

Events:

ECB President Draghi Speaks release on 19:00 GMT by European Union

Mortgage Refinance Index release on 16:30 GMT by US

GBPUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 1.3134
Expected Target 1.3093

Alternate Scenario:
Buy Above 1.3174
Expected Target 1.3215

Events:

CBI Industrial Trends Orders (Jun) release on 15:30 GMT by UK

Current Account (Q1) release on 18:00 GMT by US

AUDUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 0.7370
Expected Target 0.7329

Alternate Scenario:
Buy Above 0.7410
Expected Target 0.7451

Events:

RBA Governor Lowe Speaks release on 19:00 GMT by Australia

USDJPY INTRADAY : Probable Upside

Preferred Trade:
Buy Above 110.355
Expected Target 110.765

Alternate Scenario:
Sell Below 109.955
Expected Target 109.545

Events:

BoJ Governor Kuroda Speaks release on 19:00 GMT by Japan

EIA Weekly Distillates Stocks release on 20:00 GMT by US

XAUUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 1272.05
Expected Target 1268.04

Alternate Scenario:
Buy Above 1276.05
Expected Target 1280.06

Events:

Fed Chair Powell Speaks release on 19:00 GMT by US

XBRUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 75.43
Expected Target 75.84

Alternate Scenario:
Sell Below 75.03
Expected Target  74.62

Events:

Crude Oil Inventories release on 20:00 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.