EUR/USD To Proceed Long Above Barrier Levels 1.38416 And 1.38714
Forex Watchers | May 05, 2014 03:25AM ET
We could be in for some moves on Australian and US dollar currency pairs due to our fundamental watch. We seem to have had a good forecast for Friday with 5 out of the 7 pairs performing to our forecast. The EUR/USD and GBP/USD seems to be the stubborn pairs that did not go in our favour. Today we could be looking at a weak US dollar and Japanese yen might gather some steam. Adding two 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 1.38416 and 1.38714.
Fundamental Watch
- ISM Non-Manufacturing PMI
- Trade Balance
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