Wednesday’s forecasts had a bit of a turmoil, about two pairs behaved close to what was thought possible, others punched through our blue zones and some pairs didn’t have the strength. We did think that a mixed stance on these pairs would be the best option. For the moment we still seem to be getting poised for a big move ahead but it is hard to read the direction the markets may pick. Today I am going to lean towards a strong US Dollar while Japanese Yen could weaken. Adding a hedged pair to offset the trading risk. Happy trading everyone!!
Forecasts Outlook
US Dollar: Strong
Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.32346 and 1.32054.
Fundamental Watch
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EUR/USD: Proceeding Short
Published 07/25/2013, 02:20 AM
Updated 05/14/2017, 06:45 AM
EUR/USD: Proceeding Short
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