Majors Daily Forecast 11 July 2012

EUR/USD
Trading range: 1.2280 - 1.2180
Trend: Downward
Sell at 1.2269 SL 1.2301 TP 1.2192

USD/JPY
Trading range: 79.50 - 78.60
Trend: Downward
Sell at 79.38 SL 79.70 TP 78.66

GBP/USD
Trading range: 1.5550 - 1.5435
Trend: Downward
Sell at 1.5536 SL 1.5568 TP 1.5448

USD/CHF
Trading range: 0.9775 - 0.9885
Trend: Upward
Buy at 0.9789 SL 0.9757 TP 0.9873

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

06:00 Germany CPI June final -0.1% -0.1%
06:00 Germany CPI June final Y/Y 1.7% 1.7%
06:00 Germany HICP June final Y/Y 2.0% 2.0%
12:30 Canada Merchandise Trade, bln C$-0.60 C$-0.4
12:30 USA International trade May, bln -48.7 -50.1
12:30 USA Export May, bln - 182.9
12:30 USA Import May, bln - 233.0
14:00 USA Wholesale inventories May 0.3% 0.6%
18:00 USA FOMC meeting minutes 19-20.06

*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 +28, total yesterday +63 pips, as shown at our web site.