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Good morning everyone. Even though we had a good run yesterday the market has pushed beyond expectations. Today, I'm expecting a retrace, however there is a slight chance the market will not approach my plotted barrier levels which some of you refer to as the blue zone. Overall I'm expecting the US Dollar to weaken then strengthen. I'm not adding any pairs to the hedged currency pairs list to offset the risk. Conservative traders, stand aside.
Currency Outlook
US Dollar : Weak then Strong
Short : EUR/USD
Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.32148 and 1.31786.
Fundamental Watch
- Claimant Count Change
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