Tuesday’s forecasts went in our direction for the most part, except for two pairs that struggled but all others performed close to what was thought possible. As suspected yesterday we still seem to be at at cross roads, looks like the markets could be setting up a foundation for a turnaround, but this is a long shot as markets may continue the current trend and continue to surpass recent highs. Expecting US Dollar to weaken while Japanese Yen could be gaining some strength today. I’m adding a hedged pair 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 1.32906 and 1.32612.
Fundamental Watch
- German Constitutional Court Ruling
- Claimant Count Change
- Official Cash Rate
- RBNZ Press Conference
- RBNZ Rate Statement
- RBNZ Gov Wheeler Speaks
- Employment Change
- Unemployment Rate
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EUR/USD: Expect Dollar To Weaken
Published 06/12/2013, 02:22 AM
Updated 05/14/2017, 06:45 AM
EUR/USD: Expect Dollar To Weaken
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