EUR/USD To Proceed Long Above Barrier Levels 1.33894 And 1.33590
Forex Watchers | Jul 31, 2014 02:39AM ET
We have come to an end of the month and we have had a good one indeed. Our previous forecast was a favourable one with 5 out of the 7 pairs conforming to our forecast, specially EUR/USD, USD/CHF, NZD/USD and EUR/JPY. As we had thought Japanese yen had weakened, however the US dollar ended up strengthening overall. The pairs to keep an eye on today would be euro, Canadian, Australian, US and Japanese yen. Through the course of the day we could be looking at a weak US dollar and Strong Japanese yen. Not adding hedged pairs to offset the trading risk.
Forecasts Outlook
US Dollar: Weak
Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.33894 and 1.33590.
Fundamental Watch
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