We seem to have had a good forecast for yesterday with 4 out of the 7 pairs conforming to our forecast, especially the EUR/USD, GBP/USD, USD/CAD and USD/CHF. The Oceanic pairs didn’t make any moves were more sidelined, hence didn’t reach our demand zones. On the EUR/JPY market dropped in the opposite direction as the Japanese yen strengthened instead of weakening as we had thought. Today we should be keeping a close eye on all US dollar, British pound and Australian dollar pairs due to our fundamental watch with more emphasis on the down under pair as majority of the events are related to Australian dollar, hence we might see some good market movements on these currencies. Overall we could be looking at a strong US dollar and a weak Japanese yen being weak. Adding two hedged pairs to offset the trading risk.
Forecasts Outlook
US Dollar: Strong
Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.36350 and 1.36050.
Fundamental Watch
- FOMC Meeting Minutes
- ECB President Draghi Speaks
- Employment Change
- Unemployment Rate
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EUR/USD To Proceed Short Below Barrier Levels 1.36350 And 1.36050
Published 07/09/2014, 02:01 AM
Updated 05/14/2017, 06:45 AM
EUR/USD To Proceed Short Below Barrier Levels 1.36350 And 1.36050
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