EPIC RESEARCH REPORT DAILY INTERNATIONAL FOREX

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1 25-July-2016 EPIC RESEARCH REPORT DAILY INTERNATIONAL FOREX

2 INTERNATIONAL CURRENCY BUZZ Forex - EUR/USD little changed after string of PMI reports Forex - GBP/USD moves lower as U.K. PMIs add to post-brexit fears Forex - Dollar steady vs. euro, yen as focus remains on central banks GBP/USD The pound moved lower against the U.S. dollar on Friday, after the release of downbeat economic reports from the U.K. added to concerns over the outlook for Britain s growth following the country s decision to leave the European Union. GBP/USD hit during European morning trade, the session low; the pair subsequently consolidated at , sliding 0.42%.Cable was likely to find support at , the low of July 20 and resistance at , the high of July 18.Research group Markit said its flash U.K. manufacturing purchasing managers index fell to 49.1 in July from a reading of 52.1 in June. Economists had expected the index to fall to 47.8 this month.meanwhile, the U.K. services PMI dropped to 47.4 in July from a reading of 52.3 in June, compared to expectations for a decline to EUR/USD The euro was little changed against the dollar on Friday, after the release of mostly positive data from the euro zone, as markets were still digesting the European Central Bank s decision on Thursday to leave monetary policy on hold.eur/usd was little changed at , still close to Thursday s one-month trough of The euro strengthened briefly after ECB President Mario Draghi said on Thursday that European markets weathered the post-brexit volatility with encouraging resilience, but reiterated that the central bank is ready to act by using all the instruments available under its mandate if necessary.draghi also said the euro zone recovery faces several headwinds, and the risks remain tilted to the downside, citing the UK referendum, slowing emerging markets and the slow pace of structural reforms as key threats. YOUR MINTVISORY Call us at

3 DAILY ECONOMIC DATA

4 EPIC'S ANALYST SPEAKS EUR/USD Hourly Chart GBP/USD Daily Chart INTRADAY OUTLOOK Support: Resistance: RECOMMENDATION: BUY GBPUSD ABOVE TGT SL SELL GBPUSD BELOW TGT SL

5 EPIC'S ANALYST SPEAKS EUR/USD Daily Chart INTRADAY OUTLOOK Support: Resistance: RECOMMENDATION: BUY EURUSD ABOVE TGT SL SELL EURUSD BELOW TGT SL

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