EUR/USD
Wednesday’s forecast went in our direction for the most part, except for two pairs all others behaved close to what was thought possible. In the long run the Japanese yen has been gaining some strength against many pairs but as we had thought there has been some letting off of some steam yesterday, this could be in preparation for another rally. Today we are going to take a mixed stance on the US dollar, and the Japanese yen could strengthen, adding two hedged pairs to offset the trading risk.
Forecasts Outlook
US Dollar: Mixed Sentiments
Today we're expecting the EUR/USD to proceed short below the barrier levels of 1.33311 and 1.33019.
Fundamental Watch
- Prelim GDP q/q
- Unemployment Claims