EUR/USD: Long Above Barrier Levels

Published 08/14/2013, 02:34 AM
Updated 05/14/2017, 06:45 AM

Tuesday’s forecast headed in our direction for the most part, about three pairs managed to punch through our blue zone and come out on the other side. Overall Japanese Yen seems to have turned into a weak spell from it’s former strong moves, US Dollar has been weak for sometime now but has been gaining some steam against a few pairs. Today we are going to take a mixed outlook on US Dollar while Japanese Yen could weaken. Adding two hedged pairs to offset the trading risk. Happy trading everyone!!

Forecasts Outlook
US Dollar : Mixed Sentiments

Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.32677 and 1.32372.

Fundamental Watch
- German Prelim GDP q/q
- Claimant Count Change
- MPC Asset Purchase Facility Votes
- MPC Official Bank Rate Votes
- Flash GDP q/q
- PPI m/m

EURUSD

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