EUR/USD To Proceed Short Below Barrier Levels 1.36486 And 1.36780

By Forex WatchersCurrenciesJul 03, 2014 02:01AM ET

www.investing.com/analysis/eur-usd-to-proceed-short-below-barrier-levels-1.36486-and-1.36780-218225

EUR/USD To Proceed Short Below Barrier Levels 1.36486 And 1.36780

By Forex Watchers | Jul 03, 2014 02:01AM ET

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EUR/USD

-0.17%

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GBP/USD

-0.17%

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USD/CHF

+0.19%

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USD/CAD

+0.33%

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+0.18%

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The currencies on our watchlist for today are the British pound, Canadian dollar, euro and US dollar. More emphasis can be places on US dollar as majority of the news items could be fueling factors for the US markets. We seem to have had a good forecast for Tuesday with 4 out of the 7 pairs performing to our expectations. EUR/USD, GBP/USD, USD/CAD and USD/CHF were very close indeed. We did have an issue where markets never reached out supply/demand zones on the two Oceanic Pairs and Japanese yen. The US Dollar did strengthened slightly as we had thought but on the other hand Japanese yen ended up weakening instead of strengthening. As we had suspected on our last forecast US dollar did gather some steam and we could see it continue this trend. Japanese yen could be sidelined during the course of the day. 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 1.36486 and 1.36780.

Fundamental Watch
- Services PMI
- Minimum Bid Rate
- Trade Balance
- ECB Press Conference
- Non-Farm Employment Change
- Trade Balance
- Unemployment Claims
- Unemployment Rate
- ISM Non-Manufacturing PMI

EUR/USD Chart

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Central Banks

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ECB

2.90%

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4.50%

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Mar 19, 2025

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EUR/USD To Proceed Short Below Barrier Levels 1.36486 And 1.36780

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