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

Colin First
Daily Forex Outlook
Daily Forex Outlook

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

Don't miss a thing!

Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All

Favorites

SymbolLast PriceChange
EURUSD
EUR/USD
1.1635
-0.0009
-0.08%
GBPUSD
GBP/USD
1.3061
-0.0015
-0.11%
XAUUSD
Gold
1223.3
-3.6900
-0.3%
CL
Crude Oil
67.595
-0.2350
-0.35%
SPX
S&P 500
2813.7
-2.2500
-0.08%
DAX
DAX 30
12739.5
-7.5000
-0.06%
Live Quotes

Top Promotions

Top Brokers