EUR/USD: Expected To Proceed Long

Published 11/17/2014, 01:38 AM
Updated 05/14/2017, 06:45 AM

Good morning. Hope everyone had a good week end. We seem to have had a moderate forecast for our previous posts with 5 out of the 7 pairs behaving as predicted. A good thing we took a mixed stance on US Dollar Index as it seems to be getting into a weak motion i.e seems to be at a turning point. While Japanese yen seems to be slowing down on it’s weak movement it had and could be looking at strengthening over the week. Pairs to keep an eye out would be New Zealand, Japanese Yen and Euro with alignment on our fundamental watch. US Dollar could be on a weak side for the day, while Japanese Yen may gather some steam. Adding two hedged pairs to offset the risk. Happy Trading!

Forecasts Outlook
US Dollar: Weak

Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.25004 and 1.25294.

Fundamental Watch
– Retail Sales q/q
– Prelim GDP q/q
– ECB President Draghi Speaks

EUR/USD Daily Chart

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.