Forex Market Insight Commentary for 12 June 2018

Not much opportunity in the markets, they've been a bit quiet recently.

Risk warning: Losses could exceed deposits.

Questions?

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The World Cup looms large and so the forex market at least seems to have gone into a little bit of a lull

It doesn’t seem to be much opportunity, just a lot of range-bound trading.

We said this 1.840 level might be at the top it’s not very much the closer we are now but you can see the last three days have been rather quiet.

I’m a little bit hesitant to trade euro just yet, I would prefer price to get closer to this 1840 level and then look to for a short rather than look for a long here.

So I’m going to sit this period out for now.

Cable is similar, I’d look for a short at the 1.3440-1.3450 level.

 

Risk warning: Losses could exceed deposits.
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Haroun Kola

FxPro Markets

Access the markets from your smartphone or tablet with the FxPro Markets trading platform.   https://www.youtube.com/watch?v=oJiaIf6uKB8   The platform combines

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