Forex Daily Outlook – June 26, 2018

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Published: Jun 26, 2018, 07:15 UTC

EUR/USD The pair started the week with a slight positive sentiment, breaking above the 1.1675 level, which is an important turn of events. The market is

EUR/USD

The pair started the week with a slight positive sentiment, breaking above the 1.1675 level, which is an important turn of events. The market is currently above the 50% level in Fibonacci retracement and a break above the 1.17 level will attract more buyers into the market. In the long term, the market will try to reach towards the 1.18 level and 1.20 level. …Read More

GBP/USD

The pair initially dipped lower during the Monday’s session but found enough support around the 1.3233 level to turn around and bounce higher. The market is expected to be bottomed out and will again start to rally and a break above 1.33 level will be very bullish and will send the pair towards the 1.35 level. And, a break down below the recent lows will send the market towards the 1.30 level. …Read More

AUD/USD

The AUD was stable through the Monday’s session moving around the 0.7425 level. The pair is largely affected by the global risk appetite after the start of trade wars initiated the US. The pair largely follows the movement of the gold prices and in last few session, it is going weak and until gold picks up strong momentum, the market will be choppy. The 0.7350 level is acting as a strong support in the market and 0.75 level will be the strong resistance. …Read More

USD/JPY

The USD fell against the JPY in Monday’s session as the fear gripped the market related to the intensifying trade wars situations. The 110 level has turned massively resistive and currently, the 109.35 level is acting as a strong support level and break below will be very negative for the market. In the short term, the market is likely to be in a sell on rallies mode with 109 level acting as a strong support level. …Read More

About the Author

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.