EURUSD: Forecast

Published 12/16/2014, 12:43 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 many of the pairs behaving as predicted. The US Dollar was more sidelined while Japanese Yen gained some significant strength. We could be in for a busy day today with many fundamental news items coming out that could fuel movements on most major currencies. We Could be looking at a weak US Dollar while JPY may gather some steam. Adding two 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 1.24548 and 1.24193.

Fundamental Watch
– French Flash Manufacturing PMI
– German Flash Manufacturing PMI
– BOE Gov Carney Speaks
– CPI y/y
– German ZEW Economic Sentiment
– Manufacturing Sales m/m
– Building Permits
– GDT Price Index

EUR/USD Chart

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