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EUR/USD Forecast: USD Weak

Published 09/26/2013, 02:13 AM
Updated 05/14/2017, 06:45 AM
EUR/USD
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GBP/USD
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USD/CHF
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USD/CAD
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EUR/JPY
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Good morning, hope all is well! Wednesday's forecast headed in our direction for the most part, except for EUR/USD and USD/CHF all others behaved close to what was thought possible, specially GBP/USD, USD/CAD, EUR/JPY and the oceanic pairs all were very close. As we had expected the US Dollar was proving hard to read, hence the odd movement of EUR/USD and USD/CHF. Japanese Yen did weaken overall as we had expected. Today we could be looking at a weak US Dollar and Japanese Yen. Not adding any hedged pairs 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 1.35191 and 1.34892.

Fundamental Watch
- Current Account
- Unemployment Claims
- Pending Home Sales m/m
- Tentative NZD
- ANZ Business Confidence

EURUSD

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