EUR/USD Forecasts: December 7, 2012

 | Dec 07, 2012 03:30AM ET

Yesterday's market gave mixed results as we were expecting. Tonight I'm going to be holding a large webinar with my trainees on Urban Forex for everyone to discuss and predict the NFP live again. Today, I'm expecting the US dollar to gain strength across the board on all pairs. However, I am going to be adding one currency as a hedged currency pair to offset the trading risk today.

Currency Outlook
US Dollar: Strong

Short: EUR/USD

Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.29838 and 1.29539.

Fundamental Watch
- Manufacturing Production m/m
- ECB President Draghi Speaks
- Non Farm Employment Change
- Unemployment Rate