EUR/USD Forecast for May 20 - USD To Stay Strong

Published 05/20/2014, 02:34 AM
Updated 05/14/2017, 06:45 AM

Good morning! Hope all is well. Today, British pound and Japanese yen are going to be on our watchlist due to our fundamental watch. There could be some fueling factors that could inject movements into the markets as there are some news items due to come out. We have had a good forecast for yesterday with 6 out of the 7 pairs conforming to our forecast. A good day indeed! EUR/USD was the odd one out where the euro ended up being stronger than the US dollar. Through the course of today both US dollar and Japanese yen could gather some steam. Adding one hedged pair to offset the trading risk. Happy Trading!

Forecasts Outlook
US Dollar: Strong

Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.37372 and 1.37074.

Fundamental Watch
- CPI y/y
- Monetary Policy Statement

EUR/USD Intraday

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