The document provides a weekly summary of international forex markets from July 30th to August 3rd 2018. It discusses the US dollar falling despite strong US GDP growth, and the EUR/USD and GBP/USD currency pairs seeing modest recoveries after recent declines. Technical analysis and recommendations are given to buy or sell certain currency pairs based on support and resistance levels. Disclaimers are provided about the nature of the analysis and risks of investment.

1. 30 Jul – 03 Aug 2018
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WEEKLY INTERNATIONAL FOREX

2. INTERNATIONAL CURRENCY BUZZ
Forex - Dollar Falls Despite Strongest US GDP Growth in Nearly Four Years
Forex - EUR/USD recovers modestly on Friday, remains in a range
Forex - GBP/USD: Recovery finds resistance at 1.3130
GBP/USD
The GBP/USD pair erases daily losses during the last hours and despite US economic data, it was still trading
almost a hundred pips below yesterday’s highs. The slide from levels on top of 1.3200 found support today
at 1.3080. From that area, GBP/USD bounced to the upside and recently printed a fresh daily high at 1.3129.
As of writing was trading at 1.3110/20, modestly higher for the day. The recovery was boosted by a
correction of the US dollarafter Thursday’s rally. The move took place even after positive US data. The
economy expanded at 4.1% during the second quarter, the highest rate since 2014. Price indexes rose below
expectations. On another report, the Consumer Confidence Index elaborated by the University of Michigan
rose to 97.9 in July from 97.1.
EUR/USD
On Friday, the US dollar corrected to the downside, after rising on Thursday and pushed EUR/USD to the upside.
Before the recovery, the pair bottomed at 1.1619, the lowest since July 19. The pair found resistance at 1.1660 and
it is about to end the week, moving between that level and 1.1645, down 60 pips from the level it had a week
ago. Despite the ECB decision and US data, EUR/USD continues to move within a small range. The para managed to
avoid a daily close under 1.1630 that would point to more losses. To the upside, immediate resistance is seen at
1.1680/90, the 20-day moving average. Above that level, around 1.1740, a horizontal level, is also a downtrend line:
a break higher would open the doors for a test of July highs (1.1790) and even 1.1850. The economic calendar next
week shows a serious of relevant events that could favor an increase in volatility, particularly after the limited price
action moves seen during the last five days.
WEEKLY INTERNATIONAL FOREX

3. WEEKLY ECONOMIC DATA
WEEKLY INTERNATIONAL FOREX

4. EPIC'S ANALYST SPEAKS
GBP/USD Daily Chart
INTRADAY OUTLOOK
Support: 1.2791
Resistance: 1.3465
RECOMMENDATION:
BUY GBPUSD ABOVE 1.3220 TGT 1.3260 1.3360 SL 1.3100
SELL GBPUSD BELOW 1.3060 TGT 1.3020 1.2920 SL 1.3120
WEEKLY INTERNATIONAL FOREX

5. EPIC'S ANALYST SPEAKS
EUR/USD Daily Chart
INTRADAY OUTLOOK
Support: 1.1508
Resistance: 1.1852
RECOMMENDATION:
BUY EURUSD ABOVE 1.1750 TGT 1.1790 1.1890 SL 1.1700
SELL EURUSD BELOW 1.1610 TGT 1.1570 1.1470 SL 1.1660
WEEKLY INTERNATIONAL FOREX

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WEEKLY INTERNATIONAL FOREX