Wednesday’s forecast went in our direction for the most past, in fact except for two pair all other pairs behaved as we thought it would. There were some strong moves towards the end of the session in the opposite direction due to a news factor that moved the market suddenly. Looks like we have broken out of the range that we spoke about last couple of days. Expecting to see some action on US Dollar in time to come. Today US Dollar together with Japanese Yen is looking weak. I’m not adding any hedged pairs to offset the trading risk. Happy trading everyone!!
Forecast Outlook
US Dollar: Weak
Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.33905 and 1.34221.
Fundamental Watch
- French Flash Manufacturing PMI
- Libor Rate
- SNB Monetary Policy Assessment
- SNB Press Conference
- German Flash Manufacturing PMI
- Retail Sales m/m
- Eurogroup Meetings
- Unemployment Claims
- Existing Home Sales
- Philly Fed Manufacturing Index
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EUR/USD: Expect a Weak Dollar
Published 06/20/2013, 02:51 AM
Updated 05/14/2017, 06:45 AM
EUR/USD: Expect a Weak Dollar
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