Friday's FX Focus: EUR/USD

Published 06/07/2013, 02:40 AM
Updated 05/14/2017, 06:45 AM

Good morning everyone. Yesterday’s forecasts went in our direction for the most part, the three hedged pairs correlated with the counterparts and did not behave as expected. Again as advised market did make some quick moves and pick a direction. Also looks like some pairs are at a all time high/low within the past couple of months. Today the markets are in correlation and we can expect moves in the same direction after the current retracement cycle. Expecting US Dollar to weaken and Japanese Yen to strengthen. I’m adding a hedged pair to offset the trading risk today.

Happy trading everyone.

Forecasts Outlook

  • US Dollar : Weak
  • Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.32363 and 1.32060.
Fundamental Watch
  • Employment Change
  • Unemployment Rate
  • Nonfarm Employment Change
  • Unemployment Rate
<span class=EUR/USD" title="EURUSD" width="440" height="588">

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