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2 Jun 2015
Outlook for Forex majors and crosses – Kshitij
FXStreet (Barcelona) - Analysts at Kshitij Consultancy, give the outlook for EUR/USD, GBP/USD, USD/JPY and crosses, expecting the single currency to play the range game till.
Key Quotes
“The Euro (1.0927) continues to consolidate sideways and has equal chances of either falling towards 1.08 or rising towards 1.10-11. Look for range trade overall while the market decides whether to fall further towards 1.06 or not.”
“Further rise in Dollar-Yen (124.81) past 124.50 opens up chances of seeing 125.75-126.15. Some Resistance could come closer to 128. The Euro-Yen (136.35) is moving up well with Dollar-Yen.”
“The Pound (1.5203) has bounced a bit from yesterday's low near 1.5162. We see Support in the 1.5175-50 region and Resistance near current levels on the EUR-GBP (0.7187).”
Key Quotes
“The Euro (1.0927) continues to consolidate sideways and has equal chances of either falling towards 1.08 or rising towards 1.10-11. Look for range trade overall while the market decides whether to fall further towards 1.06 or not.”
“Further rise in Dollar-Yen (124.81) past 124.50 opens up chances of seeing 125.75-126.15. Some Resistance could come closer to 128. The Euro-Yen (136.35) is moving up well with Dollar-Yen.”
“The Pound (1.5203) has bounced a bit from yesterday's low near 1.5162. We see Support in the 1.5175-50 region and Resistance near current levels on the EUR-GBP (0.7187).”