EUR/USD To Proceed Long Above Barrier Levels 1.36190 And 1.36492
Forex Watchers | Jul 10, 2014 02:35AM ET
The pound and dollar are going to be on our watchlist today due to our fundamental watch, with more emphasis on British pound as majority of the news items are related to that particular currency. We seem to have had a really good forecast for yesterday where 5 out of the 7 pairs conformed to our predictions. The two Oceanic Pairs were the odd ones out. As we had thought the dollar gained strength and yen weakened across the board. Overall for today we could be looking at a strong US dollar and yen could be sidelined. Adding two hedged pairs to offset the trading risk.
Forecasts Outlook
US Dollar: Strong
Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.36190 and 1.36492.
Fundamental Watch
- Asset Purchase Facility
- Official Bank Rate
- MPC Rate Statement
- Unemployment Claims
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