EUR/USD To Proceed Long Above Barrier Levels 1.37353 And 1.37088

Published 12/16/2013, 12:55 AM
Updated 05/14/2017, 06:45 AM

Our previous forecasts headed in our direction for the most part, especially the EUR/USD, USD/CAD, USD/CHF and EUR/JPY. As we had thought US dollar and Japanese yen did strengthen against many currencies. Today we have a few fundamental news item coming out that could affect the euro and the Australian dollar. We could see a sidelined US dollar and Japanese yen. Adding a hedged pair to offset the trading risk.

Forecasts Outlook
US dollar: Mixed Sentiments

Today we're expecting the EUR/USD to proceed long above the barrier levels of 1.37353 and 1.37088.

Fundamental Watch
- French Flash Manufacturing PMI
- German Flash Manufacturing PMI
- ECB President Draghi Speaks
- Monetary Policy Meeting Minutes

<span class=EUR/USD Chart" title="EUR/USD Chart" width="376" height="587">

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