EUR/USD Expected To Proceed Long Above 1.11213 And 1.11504 Levels

Published 05/05/2015, 01:40 AM
Updated 05/14/2017, 06:45 AM

Good morning. Hope everyone had a great week end! We seem to have had a good forecast for yesterday with a 71% accuracy on our directions. US dollar was sidelined while Japanese yen weakened slightly. Today seems like it might be a busy day with many fundamental news items coming out that could affect the two Oceanic pairs, British pound and US dollar currencies. We are going to take a mixed stance on both US dollar and Japanese yen for today. Adding three hedged pair to offset the risk. Happy Trading!

Forecasts Outlook
US Dollar: Mixed Sentiments

Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.11213 and 1.11504.

Fundamental Watch
– Trade Balance
– Cash Rate
– RBA Rate Statement
– Spanish Unemployment Change
– Construction PMI
– Trade Balance
– Trade Balance
– ISM Non-Manufacturing PMI
– Tentative NZD
– GDT Price Index
– Employment Change q/q

EUR/USD Chart

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