EUR/USD To Proceed Long Above Barrier Levels 1.35278 And 1.34972

Published 02/04/2014, 01:18 AM
Updated 05/14/2017, 06:45 AM

Our previous forecasts was close to what we had thought possible, especially the EUR/USD, GBP/USD, USD/CHF, NZD/USD and EUR/JPY. We had some mixed sentiments through the day with US dollar while Japanese yen continued to strengthen. Today we have a few fundamental news item coming out that could affect the British Pound and New Zealand dollar. Through the course of the day we could see a weak US dollar and Japanese yen could be sidelined. Adding a hedged pair to offset the trading risk.

Forecasts Outlook
US dollar: Weak

Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.35278 and 1.34972.

Fundamental Watch
- Construction PMI
- Employment Change q/q
- Unemployment Rate

<span class=EUR/USD Chart" title="EUR/USD Chart" width="438" height="589">

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.