The document provides analysis and recommendations for the GBP/USD and EUR/USD currency pairs. It summarizes recent movements in the currency markets and provides both intraday support and resistance levels as well as buy and sell recommendations for trading the pairs. Key levels for GBP/USD are support at 1.3111 and resistance at 1.3165. Recommendation is to buy above 1.3130 or sell below 1.3080. For EUR/USD, support is at 1.1716 and resistance at 1.1758. Recommendation is to buy above 1.1720 or sell below 1.1680. The document also includes a disclaimer about the information provided.

1. 24-July-2018
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International Forex

2. International Forex
INTERNATIONAL CURRENCY BUZZ
Forex - Dollar Steadies, Yen Pares Back Early Gains
Forex - EUR/USD bounces off lows, reclaims 1.1720
Forex - Trump Comments Knock Dollar, Yen Up on BoJ Speculation
GBP/USD
The GBP/USD pair quickly reversed an early European session dip to 1.3113, albeit continued with its struggle to
make it immediate barrier near mid-1.3100s. Despite a bearish development, wherein the EU leaders rejected the
UK PM Theresa May's current Brexit plan, the pair continued gaining positive traction at the start of a new trading
week and was supported by a follow-through US Dollar selling bias. The US President Donald Trump's comments on
Friday, showing displeasure over the Fed's monetary tightening and the recent dollar strength, kept the USD bulls
on the defensive and helped the pair to build on last week's goodish rebound from YTD lows. The bullish
momentum, however, lacked any strong conviction, with easing USD bearish pressure capping the pair near a
confluence resistance comprising of 200-hour SMA and 50% Fibonacci retracement level of the 1.3363-1.2957
recent downfall.
EUR/USD
EUR/USD now alternates gains with losses ahead of the opening bell across the pond, managing to stage a rebound
from 1.1690 to the vicinity of 1.1730, where met some decent hurdle. Spot keeps navigating the upper end of the
recent range above 1.1700 the figure amidst a generalized sideline theme in the global markets. On the USD-side,
the greenback stays trapped within a tight range against the backdrop of rising yields in the US 10-year note and
always wary of headlines coming from the US-China trade dispute. In the docket, US Chicago Fed index rebounded
to 0.43 in June, while Existing Home Sales during the same period are due later. At the moment, the pair is losing
0.05% at 1.1714 and a breakdown of 1.1690 (10-day sma) would target 1.1676 (21-day sma) and then 1.1575 (low
Jul.19). On the flip side, the next hurdle at 1.1748 (high Jul.17) followed by 1.1792 (high Jul.9) and finally 1.1853
(high Jun.14).

3. International Forex
DAILY ECONOMIC DATA

4. International Forex
EPIC'S ANALYST SPEAKS
GBP/USD Daily Chart
INTRADAY OUTLOOK
Support: 1.3111
Resistance: 1.3165
RECOMMENDATION:
BUY GBPUSD ABOVE 1.3130 TGT 1.3150 1.3180 SL 1.3100
SELL GBPUSD BELOW 1.3080 TGT 1.3060 1.3030 SL 1.3110

5. International Forex
EPIC'S ANALYST SPEAKS
EUR/USD Daily Chart
INTRADAY OUTLOOK
Support: 1.1716
Resistance: 1.1758
RECOMMENDATION:
BUY EURUSD ABOVE 1.1720 TGT 1.1740 1.1770 SL 1.1790
SELL EURUSD BELOW 1.1680 TGT 1.1660 1.1630 SL 1.1710

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