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EUR/USD Expected To Proceed Long Above 1.13605 And 1.3308 Levels

By Forex WatchersCurrenciesMay 14, 2015 02:15AM ET
www.investing.com/analysis/eurusd-forecast-for-may-14-251728
EUR/USD Expected To Proceed Long Above 1.13605 And 1.3308 Levels
By Forex Watchers   |  May 14, 2015 02:15AM ET
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EUR/USD
+0.04%
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USD/JPY
+0.01%
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NZD/USD
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Good morning. Hope all is well! We seem to have had an above average forecast with a 71% accuracy on our predicted directions. As expected both US dollar and Japanese yen was on the weak side. Today we only have New Zealand and US dollar pairs on our watch list on account of the fundamental watch. We could see a further weakening of Japanese yen and the US dollar. Adding one hedged pair 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 1.13605 and 1.13308.

Fundamental Watch
– Retail Sales q/q
– PPI m/m
– Unemployment Claims

EUR/USD Chart
EUR/USD Chart

EUR/USD Expected To Proceed Long Above 1.13605 And 1.3308 Levels
 

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EUR/USD Expected To Proceed Long Above 1.13605 And 1.3308 Levels

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