Forex Daily Outlook – August 24, 2018
Forex Daily Outlook – August 24, 2018

EUR/USD

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The Euro had a choppy session during the Thursday’s session as the 1.1550 level underneath continues to attract a lot of attention in the market. Also, the 1.16 level has turned massively resistive and will be difficult for the market to break above. Unless there is any resolution to the Turkish issue, the market will continue to be volatile and might pull back towards the 1.15 level, which is the strong support zone for the pair. …Read More” data-reactid=”23″>The Euro had a choppy session during the Thursday’s session as the 1.1550 level underneath continues to attract a lot of attention in the market. Also, the 1.16 level has turned massively resistive and will be difficult for the market to break above. Unless there is any resolution to the Turkish issue, the market will continue to be volatile and might pull back towards the 1.15 level, which is the strong support zone for the pair. …Read More

GBP/USD

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The British Pound was extremely volatile and had a very difficult day during the yesterday’s session as the 1.29 level has turned a bit resistive. The market continues to be a lot more volatile as concerns related to Brexit, risk appetite continues to pull this market down. The pair continues to experience a minor support around the 1.2825 level and then at 1.2750 level which is the major support for the market. …Read More” data-reactid=”25″>The British Pound was extremely volatile and had a very difficult day during the yesterday’s session as the 1.29 level has turned a bit resistive. The market continues to be a lot more volatile as concerns related to Brexit, risk appetite continues to pull this market down. The pair continues to experience a minor support around the 1.2825 level and then at 1.2750 level which is the major support for the market. …Read More

AUD/USD

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The AUD weakened during the yesterday’s session against the general tone of the market because of political instability in Australia relating to the Prime Minister. The strength in the USD, also helped the pair to break significantly, slicing through the 0.73 level. The 0.7350 level has turned a bit too resistive and the market will struggle around that area. If the pair fails to recapture the 0.73 level, then it will continue to drive lower probably towards the 0.72 level. …Read More” data-reactid=”27″>The AUD weakened during the yesterday’s session against the general tone of the market because of political instability in Australia relating to the Prime Minister. The strength in the USD, also helped the pair to break significantly, slicing through the 0.73 level. The 0.7350 level has turned a bit too resistive and the market will struggle around that area. If the pair fails to recapture the 0.73 level, then it will continue to drive lower probably towards the 0.72 level. …Read More

USD/JPY

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The USD rallied significantly during the yesterday’s session against the JPY, as it reached towards the 111 level. This level has been important in the past as well, as it was one of the strong support levels and will now offer significant resistance. In the longer term view, this pair continues to stand out among its peer as the wide interest rate differential between the two economies will send this pair further higher. …Read More” data-reactid=”29″>The USD rallied significantly during the yesterday’s session against the JPY, as it reached towards the 111 level. This level has been important in the past as well, as it was one of the strong support levels and will now offer significant resistance. In the longer term view, this pair continues to stand out among its peer as the wide interest rate differential between the two economies will send this pair further higher. …Read More

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="This article was originally posted on FX Empire” data-reactid=”30″>This article was originally posted on FX Empire

More From FXEMPIRE:

Let’s block ads! (Why?)


Source link