This document provides a daily report on international forex markets. It includes the following: - Headlines on currency news from the EU, US dollar, and British pound. - Charts and analysis of the GBP/USD and EUR/USD currency pairs, including support and resistance levels and recommendations to buy or sell above or below certain price points. - A disclaimer noting Epic Research provides financial advice and recommendations but does not guarantee investment outcomes.

1. 13-July-2018
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International Forex

2. International Forex
INTERNATIONAL CURRENCY BUZZ
Forex - EU to back Bulgaria's first step toward joining euro: source
Forex - Dollar Steady at 1-1/2-Week Highs after U.S. Inflation Data
Forex - GBP futures: extra range bound likely
GBP/USD
The GBP/USD pair reversed an early dip to an intraday low level of 1.3180, or over one-week lows, and spiked to
fresh session tops post-US CPI, albeit lacked any strong follow-through. The pair managed to find some buying
interest near a support marked by short-term ascending trend-channel formation on the 1-hourly chart. The release
of updated Brexit white paper triggered the initial leg of rebound and was further supported by a modest US
Dollarretracement. The USD struggled to build on its positive momentum and was being capped by softer US
inflation figures, coming in to show 0.1% m/m rise in June as against 0.2% expected. However, mostly in-line core
CPI/yearly figures and upbeat weekly initial jobless claims data helped limit a sharp downfall and eventually kept a
lid on any meaningful up-move for the major. However, a decisive break below the trend-channel support might
negate the positive outlook and turn the pair vulnerable to extend this week's rejection slide from 50-day SMA.
EUR/USD
Euro zone finance ministers are expected to give their green light on Thursday to Bulgaria's bid to join the bloc's
banking union, a step toward the Balkan state's adoption of the euro, EU officials said. Bulgaria meets the nominal
criteria to adopt the common currency, with low inflation, healthy public finances and its lev currency already
pegged to the euro. But it is also the EU's poorest country, and widespread graft and troubles at some of its banks
have cast a shadow over its prospects of joining. One EU official told Reuters that euro zone finance ministers will
agree on Thursday on a "timeframe" for Bulgaria's next steps toward the euro membership. They will say they will
accept Sofia's request to join the banking union, once the country makes a formal request - a move expected in the
coming days or even hours. Banking union member countries transfer to EU bodies the powers to oversee their top
banks and deal with ailing lenders.

3. International Forex
DAILY ECONOMIC DATA

4. International Forex
EPIC'S ANALYST SPEAKS
GBP/USD Daily Chart
INTRADAY OUTLOOK
Support: 1.3146
Resistance: 1.3316
RECOMMENDATION:
BUY GBPUSD ABOVE 1.3250 TGT 1.3270 1.3300 SL 1.3220
SELL GBPUSD BELOW 1.3150 TGT 1.3130 1.3100 SL 1.3180

5. International Forex
EPIC'S ANALYST SPEAKS
EUR/USD Daily Chart
INTRADAY OUTLOOK
Support: 1.1608
Resistance: 1.1790
RECOMMENDATION:
BUY EURUSD ABOVE 1.1700 TGT 1.1720 1.1750 SL 1.1670
SELL EURUSD BELOW 1.1660 TGT 1.1640 1.1610 SL 1.1690

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International Forex