Wednesday’s forecasts went in our direction for the most part, in fact all pairs behaved as we had predicted and what was thought possible. As suspected yesterday, we still seem to be at at cross roads, however on some pairs the market has breached its previous highs by a small margin. This could also be considered as a double top. Taking a mixed stance on US Dollar while Japanese Yen could continue gaining some strength today. I’m adding two hedged pairs to offset the trading risk. Happy trading everyone!!
Forecasts Outlook
US Dollar: Weak
Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.33146 and 1.33443.
Fundamental Watch
- Core Retail Sales m/m
- Retail Sales m/m
- Unemployment Claims