EURUSD Forecasts: Proceeding Short

Published 08/22/2013, 02:02 AM
Updated 05/14/2017, 06:45 AM

Wednesday’s forecast went in our direction for the most part, in fact all pairs behaved close to what was thought possible. At the moment the Dollar is hard to read, it has been weak overall but has been gaining some strength against a few currencies, we have started seeing a hint of a direction to come in the near future. Japanese Yen is looking like it is turning from a strong position to a weak one on the long run. Today US Dollar could weaken and Japanese Yen is proving a bit hard to read. Adding two hedged pairs to offset the trading risk. Happy trading everyone!!

Forecasts Outlook
US Dollar: Weak

Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.33839 and 1.34135.

Fundamental Watch
- French Flash Manufacturing PMI
- German Flash Manufacturing PMI
- Core Retail Sales m/m
- Unemployment Claims

EURUSD

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