Today we could be in for some action on many currency pairs as there are many fundamental news items to be coming out through the day. Basically we could see some action on all currency pairs as fundamental watch items like G20 meetings can affect all the currencies. Yesterday’s forecast was on the positive side as we had 4 pairs out of seven behaving very close to what we had predicted. The GBP/USD, USD/CAD, USD/CHF and NZD/USD were very close, although the oceanic pairs did not move into our blue zones they did go in that particular direction before bouncing off Today we could be in for strong US dollar and on the other hand Japanese yen could weaken. Not adding any hedged pairs to offset the trading risk.
Forecasts Outlook
US dollar: Strong
Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.38118 and 1.37814.
Fundamental Watch
- Asset Purchase Facility
- Official Bank Rate
- Tentative GBP
- MPC Rate Statement
- Unemployment Claims
- G20 Meetings
- G7 Meetings
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EUR/USD To Proceed Long Above Barrier Levels 1.38118 And 1.37814
Published 04/10/2014, 03:30 AM
Updated 05/14/2017, 06:45 AM
EUR/USD To Proceed Long Above Barrier Levels 1.38118 And 1.37814
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