Squawk / 24 July 2016 at 20:23 GMT
WEEK 30 (25.07.2016 - 31.07.2016) [EURUSD][FUS500][USDJPY]

Previous week gave us pretty convincing bearish scenario, which is a base scenario for the beginning of the coming week.
Then on Wednesday we have FED and BOJ on Friday. These are two important risk events, which could lead to increased volatility and unexpected PA.

FED, on the one hand data looks better than expected, especially sales, employment, inflation. On the other hand FED might be worrying about Brexit, which could destabilize fragile economic recovery in medium term. Personally I see pro USD statement, 2 hikes this year. There is still a lot of room for market expectations adjustment as market does not expect any hike this year.

Short Term: Bearish
Medium Term: Lower limit 1.0480
Long Term: Bearish below 1.0460, temp. sell 1.1460-75


Short Term: None
Medium Term: Lower limit 2100-2105
Long Term: Lower limit 1825


Short Term: None
Medium Term: Upper limit 109.00-50
Long Term: Lower limit 97.100
izwansamba izwansamba
tq sir.


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