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Forex Daily Outlook – July 13, 2018

Forex Daily Outlook – October 23, 2018

EUR/USD

The market further dipped lower during the Thursday’s session testing the 1.1650 level, an area which has been a support more than once. The reaction in the market is due to the details in the ECB meeting minutes. Going ahead, the market is likely to hold this level and will also attract buyers interest. If the market further breaks from here, then it will rapidly unwind towards the 1.16 level. …Read More

GBP/USD

The market initially went sideways during the yesterday’s session breaking below the 1.32 level but found enough buying pressure to cross the region again, showing signs of resiliency. The market is likely to start the upside move towards the 1.33 level again, that’s an important resistance level and if it gets broken, then the market could go to the 1.35 level. If the market breaks the 1.32 level again, then next support is at 1.3175 level. …Read More

AUD/USD

The AUD has been choppy throughout the yesterday’s session as the market continues to get affected by the trade war fears. The pair had found short-term support at the 0.7350 level, and if the market succeeds in getting enough momentum, then the market will be looking towards the 0.75 level over the long term. …Read More

USD/JPY

The pair rallied significantly the second day in a row reaching towards the 1.1250 level, an important level in the long-term chart. The market is likely to continue finding enough bullish pressure to move higher and if it breaks this level, then the market can move towards the 1.14 level but will also be difficult in the market. The 112 and 111.50 level underneath will continue to offer support in the market. …Read More

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This article was originally posted on FX Empire

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