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EUR/USD Analysis Expectations Rise Near at 1.3630 for June, 19 2014

June 19, 2014 11:10 am

Yesterday very important event was FOMC meeting minutes, market in Asian and European Session flat due to FOMC event. US Fed have slower economic growth and lower number of housing section, overall summary of FOMC statement is that US economy growth slowly. Result, Dollar weaker and market move up direction.

Today Technical Overview:

Today market open at 1.3594 and last high at 1.3595, this point is high level of last week. Our prediction is that today EUR/USD currency pair move up trend near at resistance level 1.3620 – 1.3630, after this upward movement a correction is possible.

Today Fundamental Overview:

Today high importance event Philadelphia Fed Manufacturing Index Previous 15.4 and now prediction as per survey 14.0, means that at the time of result Dollar weaker. Medium importance event Initial Jobless Claims Previous 317K and now prediction as per labor department 314K, means that at the time of result announcement Dollar stronger and low importance event Continuing Jobless Claims is shown that stronger.

Fundamental Recommendation:

First of all high importance event result change the trend of any currency pair, so we are recommended that high importance event Philadelphia Fed Manufacturing Index effect the Dollar, means at the time of event result Dollar weak, these currency pairs move uptrend EUR/USD, GBP/USD etc…

Trade Recommendation:

Today technical and fundamental analysis shows that the EUR/USD currency pair have upward trend, so buy trade is best.

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