Monday’s forecast went in our direction for the most part, except for two pairs that did not have the strength to reach our blue zones, all others behaved close to what was thought possible. We could not get Tuesday’s forecast out in time due to a data issue.The U.S. dollar could strengthen in the long run, but will have to let off some steam in the short term. And, the Japanese yen looks like it has weakened for sometime now, and could gather steam towards the end of this week. Today we are going to take a weak outlook on the dollar while the Japanese Yyen could strengthen. Adding a hedged pair to offset the trading risk. Happy trading everyone!!
Forecasts Outlook
US Dollar : Weak
Today we're expecting the EUR/USD to proceed long above the barrier levels of 1.31630 and 1.31834.
Fundamental Watch
- Manufacturing PMI
- Retail Sales m/m
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EUR/USD Forecast: September 4, 2013
Published 09/04/2013, 01:57 AM
Updated 05/14/2017, 06:45 AM
EUR/USD Forecast: September 4, 2013
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