Daily Outlook 26-06-2014

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Daily Outlook 26-06-2014 Jun 26, 2014
At 1.3650, Euro (1.3633) has tried the higher end of its tight contracting extent of 1.3550-1.3650 yet it needs to affirm the bullishness by a break over 1.3680-90, which may prompt revives towards 1.38 or more.

Dollar-Yen (101.75) is stuck in the reach of 101.50-102.75 for the about two weeks not surprisingly. Presently just a break over 102.70 or beneath 101.50 may bring any directional move. The Euro-Yen (138.71) has been in a lethargic mode as both Euro & Yen are stagnant for the last few days. In any case it runs the downside danger of testing 137 however there is a bullish inversion plausibility, recommended by pointers, to be affirmed just on a break over 139.50-60.

Pound (1.6990) is amending the last sharp climb and may test 1.6925-1.6900 now yet this rectification ought to be constrained to 1.69 to keep the bullish force in place.

A breakout in a low instability environment is extremely troublesome and Aussie (0.9400) demonstrated that by neglecting to break over 0.9440-60 and go into the extent of 0.9200-0.9450 which may proceed for a couple of sessions more.

Gold (1318.90) changed profoundly in the 1325-1310 locale. Note that the 1325-1330 zone is vital and can possibly push the costs down to 1300-1290 and further to 1250 levels. The Gold-WTI proportion (12.35) has precisely fallen off from safety at 12.5 and may now tumble to 12-11.3 levels demonstrating that Gold costs may drop in the impending sessions.

CommexFX
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Re: Daily Outlook 26-06-2014 Jul 05, 2014
Thanks friend!!
petter56
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