EUR/USD To Proceed Long Above Barrier Levels 1.39118 And 1.38905
Forex Watchers | Mar 19, 2014 04:10AM ET
We seem to have had a turmoil on our forecast for yesterday, basically only the EUR/USD and USD/CHF behaved close to what we had predicted. We did take a mixed stance on both US Dollar and Japanese Yen and the forecast has strengthened our sentiments even further. We should be in for yet another crazy day with tons of fundamental fueling factors arriving through the course of the day that could affect the British pound, Swiss franc, Japanese yen, US and NZ dollar pairs. For today’s forecasts we could see a weak US Dollar and Japanese Yen. Adding two 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 1.39118 and 1.38905.
Fundamental Watch
- BOJ Gov Kuroda Speaks
- Claimant Count Change
- MPC Asset Purchase Facility Votes
- MPC Official Bank Rate Votes
- Unemployment Rate
- Annual Budget Release
- SNB Chairman Jordan Speaks
- FOMC Economic Projections
- FOMC Statement
- FOMC Press Conference
- GDP q/q
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