EUR/USD To Continue Long
Forex Watchers | Feb 04, 2015 12:33AM ET
Good morning. Hope all is well. We have had a good forecast for yesterday with an 71% accuracy. On some pairs we had an initial move as expected and later markets ended up blasting through our supply demand zones. As we had thought the Japanese yen ended up weakening immensely, while the US dollar was more sidelined. On account of our fundamental watch we are going to keep a close eye on New Zealand, Canadian, and pound currencies. We could be in for a weak US dollar while Japanese yen may strengthen. Adding one hedged pair 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 1.14507 and 1.14184.
Fundamental Watch
– Employment Change q/q
– Unemployment Rate
– Services PMI
– RBNZ Gov Wheeler Speaks
– ADP Non-Farm Employment Change
– Ivey PMI
– ISM Non-Manufacturing PMI
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