Good morning everyone. We’ve a great run on Friday and were able to capture the market almost on all pairs. Today I’m expecting the US Dollar to continue to weaken. However, the moves on Friday have pushed the markets to extremes, so be cautious of sharp retracements. I’m not adding any pairs to the hedged currency pairs list to offset the trading risk today.
Currency Outlook
US Dollar : Weak
Long : EUR/USD
Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.38751 and 1.38298.
Fundamental Watch
- CPI q/q