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Tuesday’s forecast went in our direction for the most part. In fact all pairs behaved close to what was thought possible, some not having the strength to retrace as far as our blue zones. Japanese Yen however still seems to be getting ready for some strong moves in the near future. At the moment we seem to be having a clear direction on Yen while US Dollar is proving to be very difficult to read, overall the Dollar has been weak. Today we are going to take a mixed stance on US Dollar while Japanese Yen could Strengthen. Adding three 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 Short below the barrier levels of 1.32931 and 1.32606.
Fundamental Watch
- ADP Non-Farm Employment Change
- GDP m/m
- Advance GDP q/q
- FOMC Statement
- Manufacturing PMI
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