Majors Daily Forecast 2 July 2012

EUR/USD
Trading range: 1.2640 - 1.2540
Trend: Downward
Sell at 1.2628 SL 1.2660 TP 1.2551

USD/JPY
Trading range: 79.90 - 79.00
Trend: Downward
Sell at 79.80 SL 80.12 TP 79.08

GBP/USD
Trading range: 1.5685 - 1.5575
Trend: Downward
Sell at 1.5673 SL 1.5705 TP 1.5585

USD/CHF
Trading range: 0.9500 - 0.9610
Trend: Upward
Buy at 0.9513 SL 0.9481 TP 0.9597

Today's Economic Calendar:
Time GMT, Country, Indicator, Forecast, Prior

07:45 Italy PMI June 44.6 44.8
07:50 France PMI June 45.3 45.3
07:55 Germany PMI June seasonally adjusted 44.7 45.2
08:00 EU17 PMI June 44.7 45.1
08:30 UK CIPS manufacturing index June 46.6 45.9
09:00 EU17 Unemployment May 11.2% 11.1%
14:00 USA ISM Mfg PMI June 52.1 53.5
14:00 USA Construction spending May 0.2% 0.3%

*Please note that the daily forecast is sent on time to subscribers only, who receive also updates, evening forecast, news and real time trading signals, from which we have made today so far +34, total on Friday +124 pips, as shown at our web site.