EUR/USD To Proceed Long Above Barrier Levels 1.34188 And 1.34488
Forex Watchers | Jul 29, 2014 02:02AM ET
We seem to have had a bit of a turmoil for our previous forecast with only 3 out of the 7 pairs conforming to our forecast. GBP/USD, AUD/USD and EUR/JPY were the only pairs that moved according to plan. We were correct in thinking that Japanese Yen was going to gather some steam as it had strengthened a lot overall. Pairs to keep a close eye this time would be all dollar pairs due to our fundamental watch for today. Both the dollar and yen could be on the weak site today. Adding one hedged pair 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 1.34188 and 1.34488.
Fundamental Watch
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