EUR/USD To Proceed Short Below 1.13024 And 1.13303

Published 05/19/2015, 01:52 AM
Updated 05/14/2017, 06:45 AM

Good morning. Hope all is well! We seem to have had a good forecast for yesterday with a 71% accuracy on our predictions. As anticipated the US dollar gained some strength while Japanese yen was sidelined. Today could be a volatile day with many news releases coming out that may have an influence on British pound, euro, Japanese yen, Canadian, New Zealand and US dollar pairs. Most major trading currencies. Could see a strengthening of the US dollar while Japanese yen could let out some steam. Adding two hedged pairs to offset the risk. Happy Trading!

Forecasts Outlook
US dollar: Strong

Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.13024 and 1.13303.

Fundamental Watch
– Inflation Expectations q/q
– CPI y/y
– German ZEW Economic Sentiment
– Building Permits
– GDT Price Index
– BOC Gov Poloz Speaks
– Prelim GDP q/q

EUR/USD Chart

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