Forex Daily Forecast Aug 17 2017

EURO -dollar - 69875

EURUSD ٌBearish Eyes The 1.1625 Levels!

As long as 1.1792 resistance holds on a daily closing basis, the EURUSD remains on the downside towards the 1.1727 levels, a cut would open 1.1625 levels, a halt is likely and a reversal may occur, however; below that levels sees another fall to the 1.5508 levels, further down, support comes at the 1.1477 levels…

On the upside, resistance comes at the 1.1792 levels, a break will bring limited gains towards 1.1887 levels…

Conclusion: The EURUSD continues to face downside threats below 1.1792 levels…

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blankGBPUSD Bearish Eyes The 1.2793 levels…

As long as 1.2902 resistance holds on a daily closing basis, the GBPUSD remains on the downside towards the 1.2793 levels, a halt likely but a cut would open 1.2715 levels followed by the 1.2615 levels. On the upside, resistance comes at the 1.2902 levels, above that level sees a recovery risk to the 1.3020/1.3060 levels where another fall is likely…

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blankUSDJPY Bullish Risk Builds Up On The 111.32 Levels.

As long as 110.00/109.59 support holds on a daily closing basis, the USDJPY remains on the upside to the 111.32 levels, a halt is likely but a break would open 112.18 ahead of 113.00 levels, below 109.59 sees a fall risk to the 108.70/108.35 levels.

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blankXAUUSD Consolidates With Upside Bias!

As long as 1292 resistance holds on a daily closing basis, the XAUUSD remains in a pullback mode with risk towards the 1270 levels, below that level will open 1254 levels where a strong rebound is very likely, a cut through the 1254 levels will turn outlook bearish to the 1239/1224 levels. Above 1292 will restore the upside momentum and open 1319/1339 levels…

 

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blankWTI Crude Oil Remains Vulnerable!

As long as 47.54 resistance holds on a daily closing basis, the WTI Oil remains on the downside to the 46.75 levels, a halt is likely but a cut would open 45.75 levels, further down, support comes at the 43.65 levels…

On the upside, resistance comes at the 47.54 levels, above 47.54 sees a recovery risk to the 49.26 levels where another fall is likely…

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