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Forex Daily Forecast – 29 June 2018

Forex Daily Forecast – 29 June 2018

EURUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1.1674
Expected Target 1.1715

Alternate Scenario:
Sell Below 1.1634
Expected Target 1.1593

Events:

German Unemployment Change (Jun) release on 13:30 GMT by European Union

Michigan Consumer Sentiment (Jun) release on 19:30 GMT by US

GBPUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1.3136
Expected Target 1.3177

Alternate Scenario:
Sell Below 1.3096
Expected Target 1.3055

Events:

GDP (YoY) (Q1) release on 14:00 GMT by UK

Core PCE Price Index (YoY) (May) release on 18:00 GMT by US

AUDUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 0.7407
Expected Target 0.7448

Alternate Scenario:
Sell Below 0.7367
Expected Target 0.7326

Events:

Private Sector Credit (MoM) (May) release on 07:00 GMT by Australia

Personal Spending (MoM) (May) release on 18:00 GMT by US

USDJPY INTRADAY : Probable Upside

Preferred Trade:
Buy Above 110.866
Expected Target 111.276

Alternate Scenario:
Sell Below 110.466
Expected Target 110.056

Events:

Industrial Production (MoM) (May) release on 05:20 GMT by Japan

Michigan 5-Year Inflation Expectations (Jun) release on 19:30 GMT by US

XAUUSD INTRADAY : Probable Upside

Preferred Trade:
Buy Above 1253.25
Expected Target 1257.26

Alternate Scenario:
Sell Below 1249.25
Expected Target 1245.24

Events:

Chicago PMI (Jun) release on 19:15 GMT by US

XBRUSD INTRADAY : Probable Downside

Preferred Trade:
Sell Below 77.51
Expected Target 77.10

Alternate Scenario:
Buy Above 77.91
Expected Target 78.32

Events:

U.S. Baker Hughes Oil Rig Count release on 22:30 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.