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Forex Daily Forecast – 26 June 2018

Forex Daily Forecast – 26 June 2018

EURUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1.1735
Expected Target 1.1776

Alternate Scenario:
Sell Below 1.1695
Expected Target 1.1654

Events:

ECB’s Coeure Speaks release on 06:50 GMT by European Union

CB Consumer Confidence (Jun) release on 19:30 GMT by US

GBPUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1.3310
Expected Target 1.3351

Alternate Scenario:
Sell Below 1.3270
Expected Target 1.3229

Events:

Gross Mortgage Approvals release on 14:00 GMT by UK

S&P/CS HPI Composite – 20 n.s.a. (MoM) (Apr) release on 18:30 GMT by US

AUDUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 0.7391
Expected Target 0.7350

Alternate Scenario:
Buy Above 0.7431
Expected Target 0.7472

Events:

FOMC Member Bostic Speaks  release on 22:30 GMT by US

USDJPY INTRADAY : Probable Downside

Preferred Trade:
Sell Below 109.220
Expected Target 108.810

Alternate Scenario:
Buy Above 109.620
Expected Target 110.030

Events:

BoJ Core CPI (YoY) release on 10:30 GMT by Japan

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

XAUUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 1261.58
Expected Target 1257.57

Alternate Scenario:
Buy Above 1265.58
Expected Target 1269.59

Events:

FOMC Member Kaplan Speaks release on 23:15 GMT by US

XBRUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 74.98
Expected Target 75.39

Alternate Scenario:
Sell Below 74.58
Expected Target  74.17

Events:

Richmond Manufacturing Shipments (Jun) release on 19:30 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.