The document provides a daily report on international forex markets. It includes sections on currency buzz highlighting movements in the dollar, euro, and British pound. Analysis of the GBP/USD and EUR/USD currency pairs is also presented, with key support and resistance levels and recommendations to buy or sell above or below certain price points. The report concludes with a disclaimer about the information and recommendations provided.

1. 29-May-2018
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International Forex

2. International Forex
INTERNATIONAL CURRENCY BUZZ
Forex - Dollar Slides Despite RenewedU.S.-North Korea Summit Hopes
Forex - Euro Falls After Carlo Cottarelli Named Italian PM
Forex - GBP/USD stalls rebound, drops back towards 1.3300
GBP/USD
The USD bulls are seen fighting back control, now pushing the GBP/USD pair back towards six-month lows of
1.3295, as the rebound faltered near 1.3340 region. The spot extended the Asian recovery from multi-month
troughs in a bid to test the 1.3350 barrier in early Europe. However, fresh sellers jumped in near the last on the
European open, as the greenback stalled its long profit-taking slide and regained the 94 handle across its main
competitors. In the Asian trades, Cable dropped to the lowest levels in six-months after the US dollar tumbled on
the back of a sharp rebound in the EUR/USD pair, following the rejection of the anti-Euro economy minister by the
Italian President. In the day ahead, the pair will continue to get influenced by the USD dynamics and broader
market sentiment as the UK and US markets remain closed today in observance of their respective national
holidays.
EUR/USD
The euro fell on Monday while the U.S. dollar was higher as political uncertainty in Italy continues and former IMF
Director Carlo Cottarelli was named stopgap Prime Minister of Italy. EUR/USD fell to a six-month low of 1.1619 by
10:59 AM ET (14:59 AM GMT), the weakest level since November 8. The single currency came under renewed
selling pressure as investors digested the prospect of fresh elections in Italy. The euro had risen earlier in the day to
1.1733 after Italy’s populist parties abandoned their bid to form a coalition government after the country’s
President Sergio Mattarella blocked the nomination of a eurosceptic finance minister. Investors had feared that the
coalition could endanger Italy’s membership in the euro zone. Former IMF Director Carlo Cottarelli was asked to
form a government by Mattarella on Monday after the president rejected the finance minister but new elections
are expected to be held early next year.

3. International Forex
DAILY ECONOMIC DATA

4. International Forex
EPIC'S ANALYST SPEAKS
GBP/USD Daily Chart
INTRADAY OUTLOOK
Support: 1.3293
Resistance: 1.3331
RECOMMENDATION:
BUY GBPUSD ABOVE 1.3350 TGT 1.3370 1.3400 SL 1.3320
SELL GBPUSD BELOW 1.3290 TGT 1.3270 1.3240 SL 1.3320

5. International Forex
EPIC'S ANALYST SPEAKS
EUR/USD Daily Chart
INTRADAY OUTLOOK
Support: 1.1671
Resistance: 1.1701
RECOMMENDATION:
BUY EURUSD ABOVE 1.1650 TGT 1.1670 1.1700 SL 1.1620
SELL EURUSD BELOW 1.1600 TGT 1.1580 1.1550 SL 1.1630

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International Forex