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Forex Daily Forecast – 25 June 2018

Forex Daily Forecast – 25 June 2018

EURUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 1.1631
Expected Target 1.1590

Alternate Scenario:
Buy Above 1.1671
Expected Target 1.1712

Events:

German Ifo Business Climate Index release on 13:30 GMT by European Union

GBPUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1.3281
Expected Target 1.3322

Alternate Scenario:
Sell Below 1.3241
Expected Target 1.3200

Events:

Chicago Fed National Activity (May) release on 18:00 GMT by US

AUDUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 0.7442
Expected Target 0.7483

Alternate Scenario:
Sell Below 0.7402
Expected Target 0.7361

Events:

Chicago Fed National Activity (May) release on 18:00 GMT by US

USDJPY INTRADAY : Probable Downside

Preferred Trade:
Sell Below 109.300
Expected Target 108.890

Alternate Scenario:
Buy Above 109.700
Expected Target 110.110

Events:

BoJ Summary of Opinions release on 05:20 GMT by Japan

XAUUSD INTRADAY : Probable Downside

Preferred Trade:
Sell below 1265.41
Expected Target 1261.40

Alternate Scenario:
Buy Above 1269.41
Expected Target 1273.42

Events:

New Home Sales (May) release on 19:30 GMT by US

XBRUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 74.40
Expected Target 74.81

Alternate Scenario:
Sell Below 74.00
Expected Target  73.59

Events:

Dallas Fed Mfg Business Index (Jun) 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.