We seem to have had a good forecast for Friday with 5 out of the 7 pairs behaving as predicted. As we had expected the US dollar pairs were more sidelined while the Japanese yen ended up strengthening against many currencies however not against euro. Unfortunately we don’t have any fundamental news items that are due to come out today. We could be in for strong US and a Japanese yen. Adding two hedged pairs to offset the trading risk. Happy Trading!
Forecasts Outlook
US Dollar: Strong
Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.29124 and 1.29422.
Fundamental Watch
– N/A