Looking forward to a good week ahead. Markets have finally come into a quiet zone / range, future direction is not yet very straight forward, we will have to wait and see on the direction the markets will pick. For today I am leaning towards a weak opinion on US Dollar together with Japanese Yen. 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 Short below the barrier levels of 1.30863 and 1.30575.
Fundamental Watch
- Manufacturing PMI
- ISM Manufacturing PMI