Friday went quite well up until the NFP where we took a temporary turn for a long. Today, I'm expecting the US dollar to continue to gain strength. However, I do see some support which is why I'm adding some pairs as a hedged currency pair to offset the trading risk today. Stay cautious today.
Currency Outlook
US Dollar: Strong
Short: EUR/USD
Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.30833 and 1.30405.
Fundamental Watch
- Ivey PMI
- Trade Balance