A-FX Daily analysis – 11.06.2019

DXY: Technical Forecast: Consolidation/ Bullish

Yesterday we did not saw a big range in DXY but we are still bearish and for us will be very interesting to see a big decline today to our support zone

Our Important levels are:

  • Expect Bearish move from Resistance zone 1 – 97.015
  • Expect Bearish move from Resistance zone 1 – 96.840
  • Expect Bullish move from Support zone 1 – 95.840

EUR/USD: Technical Forecast: Bullish

Yesterday we saw only 40 pips range in EUR/USD and this rise our expectation for a big move in today trading session but we do not have news for EUR but we have important news for GBP and if they are negative we can see strong EUR.

Our important levels are:

  • Expect Bullish move from Support Zone 1 -> 1.12676
  • Expect Bullish move from Support Zone 2 -> 1.12510
  • Expect Bullish move from Support Zone 3 -> 1.11300

GBP/USD: Technical Forecast: Bearish

Yesterday we saw a nice decline in GBP/USD and our support zone was not respected and this can give us a signal for upcoming strong buy. Today we have several important news for the UK economy and we expect to see consolidation or decline during London Open and after that, we will look for Long orders.

Our important levels are:

  • Expect Bullish move from Support zone 1 – 1.26260
  • Expect Bearish move from Resistance zone 1 – 1.30030

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