EUR/USD Expected To Proceed Above 1.11995 And 1.11734 Barrier Levels

Published 05/06/2015, 02:06 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 directions. On some instances markets did however violate our blue zones but later moved in the predicted direction. Today seems like it might be a very volatile market with many fundamental news items coming out that could affect Australian dollar, British pound, Canadian and US dollar currencies. Both Japanese yen and US dollar currencies could let out more steam today. 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 1.11995 and 1.11734.

Fundamental Watch
– Services PMI
– ADP Non-Farm Employment Change
– Prelim Unit Labor Costs q/q
– Fed Chair Yellen Speaks
– Ivey PMI
– Employment Change
– Unemployment Rate
– Parliamentary Elections

EUR/USD Chart

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