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Forex Daily Forecast – 28 June 2018

Forex Daily Forecast – 28 June 2018

EURUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 1.1540
Expected Target 1.1499

Alternate Scenario:
Buy Above 1.1580
Expected Target 1.1621

Events:

ECB Economic Bulletin release on 13:30 GMT by European Union

GDP (QoQ) (Q1) release on 18:00 GMT by US

GBPUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 1.3088
Expected Target 1.3047

Alternate Scenario:
Buy Above 1.3128
Expected Target 1.3169

Events:

BoE MPC Member Haldane Speaks release on 19:00 GMT by UK

7-Year Note Auction release on 22:30 GMT by US

 

AUDUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 0.7335
Expected Target 0.7294

Alternate Scenario:
Buy Above 0.7375
Expected Target 0.7416

Events:

FOMC Member Bostic Speaks release on 21:30 GMT by US

USDJPY INTRADAY : Probable Upside

Preferred Trade:
Buy Above 110.533
Expected Target 110.943

Alternate Scenario:
Sell Below 110.133
Expected Target 109.723

Events:

Retail Sales (YoY) (May) release on 05:20 GMT by Japan

Continuing Jobless Claims release on 18:00 GMT by US

XAUUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 1249.46
Expected Target 1245.45

Alternate Scenario:
Buy Above 1253.46
Expected Target 1257.47

Events:

FOMC Member Bullard Speaks release on 20:15 GMT by US

XBRUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 77.66
Expected Target 78.07

Alternate Scenario:
Sell Below 77.26
Expected Target 76.85

Events:

KC Fed Manufacturing Index (Jun) release on 20:30 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.