Friday’s forecasts went in our direction for the most part. Again as we thought it would the market did make some quick moves, specially after the NFP release. Today we might be at cross roads, looks like markets could set up a foundation for a turn around, but this is a long shot. Expecting US Dollar to strengthen and also Japanese Yen to strengthen. I’m adding a hedged pair to offset the trading risk today. Happy trading everyone!!
Forecasts Outlook
US Dollar: Strong
Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.32511 and 1.32141.
Fundamental Watch
- Current Account