EUR/USD Daily Forecast - 29 June

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Thursday, Jun 28 2018

EUR/USD Daily Forecast - 29 June

Euro went back and forth in the course of the yesterday’s session with support around 1.1525 area and resistance above 1.16 handle, with pair in the end finishing the session in a neutral tone around 1.1550 level. As for tomorrow, we would pay attention to Eurozone CPI figures.

Pair should find some amount of support around 1.15 handle, while area above 1.16 level should be resistive at least initially. On a long-term basis, we would be on the sidelines for this pair, though the outlook is currently more bearish. Buying is not an option until we see decisive break above 1.18 handle.

More in this category: « GBP/USD Daily Forecast - 29 June AUD/USD Daily Forecast - 2 July »

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