EUR/USD To Proceed Long Above The Barrier Levels 1.35067 And 1.34761

Published 10/16/2013, 02:16 AM
Updated 05/14/2017, 06:45 AM

Tuesday’s forecast headed in our direction on most pairs, especially the EUR/USD, GBP/USD, USD/CAD and USD/CHF. The oceanic pairs had a bit of trouble reaching our blue zones, and the Japanese yen was a bit hard to read as we had thought. The US dollar did strengthen against many currencies. Today we could expect the US dollar to weaken and the Japanese yen is a bit hard to read. Not adding any hedged pairs 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 1.35067 and 1.34761.

Fundamental Watch
- Claimant Count Change
- Unemployment Rate
- Manufacturing Sales m/m
- ECB President Draghi Speaks

<span class=EUR/USD" title="EUR/USD" width="436" height="589" src="https://d1-invdn-com.akamaized.net/content/pic64bea0b845b517a64f0bf76d2a2cfb74.jpg">

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.