Daily Forex Outlook
    Daily Forex Outlook

    EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – August 11, 2017

    2 months agoByColin First

    EUR/USD

    The market initially went downside on Thursday towards its support level of 1.17 from where it bounced back. The pair has successfully retained the support level of 1.17 in last two sessions. If the market successfully breaks above the 1.1775 mark then it will go higher towards 1.1820 level and higher. The market is in long term uptrend after we have crossed the long time resistance level of 1.15 and volatility will persist as we go forward. Pullbacks will provide the good opportunity to enter the market for long term. …Read More

    GBP/USD

    The market initially went lower towards the 1.2950 but bounced back towards 1.30 handle. The market is moving around the 1.30 level from the past two sessions. It is better to wait and watch, as market breaks to give the clear indication of the trend. If the pair successfully breaks above the 1.3050 level, then we can see a rally in the pair and if it breaks below the 1.2950 level, weakness will grip the market. …Read More

    AUD/USD

    The AUD initially tried to move lower towards the 0.7750 but it managed to get a bounce on Wednesday’s session. Geopolitical tension across Korean peninsula will work against the market and AUD works as a proxy for Asia in the currency market. The recent development is not going to support the AUD to rally against the dollar and will look toward the 0.7750 level underneath, which was previously resistive. …Read More

    USD/JPY

    As we broke the important psychological support level of 110 in the pair, weakness gripped the market and prices sliced through the 109.50 level on Thursday’s trade session. The market has strong support in the 109 level underneath and it will be watched if it can hold this level firmly. Short term rallies in the pair will be seen as selling opportunities. Unless the pair breaks above the 110.25 handle, buying will elude this market. …Read More

    Favorites

    SymbolLast PriceChangeChart

    Live Quotes

    Top Promotions
    Top Brokers

    FX Empire - the company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as link result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.
    FX Empire may receive compensation from the companies featured on the network.

    All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. FX Empire bears no responsibility for any trading losses you might incur as link result of using any data within the FX Empire.