EUR/USD Proceed Short Below Barrier Levels 1.36821 And 1.36605

Published 02/12/2014, 02:27 AM
Updated 05/14/2017, 06:45 AM

Our previous forecasts were very close to what we had thought possible. As expected the US dollar was towards the weak side and Japanese yen was sidelined. Today we have a few fundamental news items that could fuel the British pound, euro and the Australian dollar. Through the course of the day we could see a strong Japanese yen and the US dollar is proving to be a currency that is hard to read. Adding three 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 1.36821 and 1.36605.

Fundamental Watch
- BOE Gov Carney Speaks
- BOE Inflation Report
- ECB President Draghi Speaks
- Employment Change
- Unemployment Rate

<span class=EUR/USD Chart" title="EUR/USD Chart" width="439" height="590">

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