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Outlook for FX majors – Littlefish FX

FXStreet (Barcelona) - Analysts at Littlefish FX, give the outlook and key levels for FX majors, and remaining neutral on the pairs.

Key Quotes

“EUR: While 1.1050 supports expect test of 1.1350”

“GBP: While 1.5050 supports expect test of 1.5550”

“JPY: While 118.60/80 contains downside target 121.00 en route to retest of year to date highs, only below 118.30 concerns bullish view”

“CAD: 120 test underway failure here opens pivotal 118”

“AUD: While .8050 holds potential for medium term down trend resumption”

European commission lifts Eurozone growth forecast

The European Commission, in its latest report published on Tuesday, forecasts gross domestic product in the 19-nation Eurozone should grow at 1.5%, up from their previous forecast in February of 1.3%.
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