EUR/USD To Proceed Long Above 1.11895 And 1.12202

Published 10/05/2015, 02:22 AM
Updated 05/14/2017, 06:45 AM

Good morning. Hope all is well! We have had a good forecast for Friday with a 71% accuracy on our predictions. We did take a mixed stance on the two currencies. It looks like they have both let out some steam through the day. For today, the two Oceanic pairs, British pound and US dollar are on our radar on account of the fundamental watch. Looks like we could be in for a busy Monday. We could see the weak move continuing through today. Not adding any hedged pairs 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 1.11895 and 1.12202.

Fundamental Watch
– Services PMI
ISM Non-Manufacturing PMI
NZIER Business Confidence
– Trade Balance

EUR/USD Chart

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