- The euro was unchanged against the U.S. dollar ahead of Greece's weekend referendum on accepting bailout terms from creditors.
- The British pound edged higher against the dollar after a survey showed stronger-than-expected growth in the UK services sector in June, though concerns over Greece limited gains.
- Analysts provided daily outlooks and recommendations for buying and selling the euro and British pound, with technical support and resistance levels.
2. FOREX - Soft U.S. jobs data weighs on dollar, euro hostage to Greek vote.
FOREX - Dollar treads water after disappointing U.S. jobs data.
FOREX - Swedish crown slips on surprise rate cut, U.S. payrolls eyed.
EUR/USD
The euro was almost unchanged against the U.S. dollar on Friday, as investors remained cautious ahead of the
weekend's Greek referendum on whether or not the country's should accept its creditor's bailout terms. EUR/USD hit 1.1100
during late Asian trade, the session high; the pair subsequently consolidated at 1.1093.The pair was likely to find support at
1.1032, the low of July 1 and resistance at 1.1171, the high of July 1. Hopes for a last minute deal between Greece and the euro
zone were quashed on Wednesday after Greek Prime Minister Alexis Tsipras urged voters to reject the terms of an international
bailout deal. Greek voters are due to decide on Sunday whether to accept terms proposed by the institutions overseeing the
country’s now-expired bailout, the European Central Bank, the International Monetary Fund and the European Commission, or
reject them.
GBP/USD
The pound edged higher against the U.S. dollar on Friday, after data showed that U.K. service sector expanded at a
faster rate than expected this month, although gains were capped by ongoing concerns over the Greek debt crisis. Trading
volumes were expected to remain thin with U.S. markets closed for a national holiday. GBP/USD hit 1.5639 during European
morning trade, the session high; the pair subsequently consolidated at 1.5623, adding 0.10%. Market research group reported
on Friday that the U.K. services purchasing managers' index rose to 58.5 in June from 56.5 the previous month, beating
expectations for an uptick to 57.4. But investors remained cautious as hopes for a last minute deal between Greece and the
euro zone were quashed on Wednesday after Greek Prime Minister Alexis Tsipras urged voters to reject the terms of an
international bailout deal. But investors remained cautious as hopes for a last minute deal between Greece and the euro zone
were quashed on Wednesday after Greek Prime Minister Alexis Tsipras urged voters to reject the terms of an international
bailout deal.
INTERNATIONAL CURRENCY BUZZ
YOUR MINTVISORY Call us at +91-731-6642300
4. YOUR MINTVISORY Call us at +91-731-6642300
EUR/USD DAILY CHART
INTRADAY OUTLOOK
Support: 1.5582
Resistance:1.5591
RECOMMENDATION:
BUY GBPUSD ABOVE 1.5660 TARGET 1.5700 1.5750 SL 1.5610
SELL GBPUSD BELOW 1.5550 TARGET 1.5510 1.5460 SL 1.5600
EPIC'S ANALYST SPEAK
GBP/USD DAILY CHART
5. YOUR MINTVISORY Call us at +91-731-6642300
INTRADAY OUTLOOK
Support: 1.1080
Resistance: 1.1113
RECOMMENDATION:
BUY EURUSD ABOVE 1.1170 TARGET 1.1210 1.1260 SL 1.1120
SELL EURUSD BELOW 1.1030 TARGET 1.0990 1.0940 SL 1.1080
EPIC'S ANALYST SPEAK
EUR/USD DAILY CHART
6. DISCLAIMER
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