20Jun

IForex Market Trading Signals and News of 20th June 2014

TRADING TIPS :

  • Forex – Euro advances to more than 1-week high against dollar
  • Forex – Pound at 5-year highs vs. dollar
  • Forex – Broadly weaker dollar falls against Swiss franc

EUR/USD
EUR/USD was up 0.29% to 1.3632, the highest since June 9, from 1.3543 late Wednesday. The pair was likely to find support at 1.3550 and resistance at 1.3670. The dollar weakened broadly after the Fed gave no indication of when interest rates could start to rise at the conclusion of its two-day meeting on Wednesday.

GBP/USD
GBP/USD touched highs of 1.7026, the most since August 2009, and was last at 1.7017, up 0.15%. Cable was likely to find support at 1.6950 and resistance at 1.7040. The dollar weakened broadly after the Fed gave no indication of when interest rates could start to rise at the conclusion of its two-day meeting on Wednesday.

USD/CHF
USD/CHF was down 0.35% to 0.8924, the lowest level since June 9, from 0.8953 late Wednesday. The pair was likely to find support at 0.8910 and resistance at 0.9000

RECOMMENDATION :

1. Buy GBP/USD Above 1.7050- TG: 1.7080/ 1.7100 SL 1.7020
2. Sell GBP/USD Below 1.6920- TG: 1.6890/ 1.6860 SL 1.6950

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