EUR/USD: Forecast

Published 12/10/2014, 12:27 AM
Updated 05/14/2017, 06:45 AM

Good morning. Hope all is well! We seem to have had an average forecast for yesterday with 4 out of the 7 pairs behaving as predicted. As we had thought the Yen did gather some steam, actually gained 5 points on our scale while US Dollar weakened through the day. The currencies to keep an eye on for today would be the Oceanic pairs due to our fundamental watch. We could see some fueling movements on these pairs. Through the course of the day we could be in for a weak US Dollar, while the Japanese yen could 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 1.23566 and 1.23276.

Fundamental Watch
– Official Cash Rate
– RBNZ Press Conference
– RBNZ Rate Statement
– RBNZ Gov Wheeler Speaks
– Employment Change
– Unemployment Rate

EUR/USD Daily Chart

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