Forex Daily Outlook – June 25, 2018

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Published: Jun 25, 2018, 08:15 UTC

EUR/USD The bullish momentum continued through in the Friday's session as it broke above the 1.16 level and reaching towards the 1.1650 level. The pair

EUR/USD

The bullish momentum continued through in the Friday’s session as it broke above the 1.16 level and reaching towards the 1.1650 level. The pair pulled back a little from the top as it faced significant resistance. The market from here is expected to continue driven by several factors including geopolitical tension, trade war fears etc. A break above 1.17 level will open the door towards the $1.1850 for the pair. …Read More

GBP/USD

The British Pound rallied during the Friday’s session but due to lack of strong momentum, it pulled back from the top. The market is expected to gain a momentum to continue higher as the hawkish statement from Bank of England will drive the price of British Pound higher. The 1.32 level is very important level for the market as a break down below this level will start fresh selling. …Read More

AUD/USD

The AUD inched higher in the Friday’s session forming a W like a pattern in the hourly chart. The market now is expected to move towards the 0.7475 level and 0.75 level which is massively resistive and sellers will get active in the market given the risk appetite in the market. The 0.7350 level underneath will continue to offer strong support, based on the long-term chart. …Read More

USD/JPY

The pair continued to move back and forth during the Friday’s session as it moved around the 110 level. The market is trying to break above the 111 level and once it clears above this level, the market will try to reach towards the 112.50 level next. The 109.75 level underneath makes a strong support and extends towards the 109.50 level. …Read More

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Colin Firstauthor

Colin specializes in developing trading strategies and analyze financial instruments both technically and fundamentally. Colin holds a Bachelor of Engineering From Milwaukee University.