EUR/USD To Proceed Long Above Barrier Levels 1.38236 And 1.37934
Forex Watchers | Apr 24, 2014 03:17AM ET
We seem to have had a really good forecast for yesterday with 6 pairs out of the 7 performing to our predictions. The GBP/USD was the odd one out that moved in the opposite direction. Through the course of today we could be in for some moves on euro and US dollar pairs due to some fueling fundamental items coming out. We could be seeing a repeat of yesterday’s moves that is a weak US dollar and a Strong Japanese yen. 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 1.38236 and 1.37934.
Fundamental Watch
- German Ifo Business Climate
- ECB President Draghi Speaks
- Core Durable Goods Orders m/m
- Unemployment Claims
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