EUR/USD To Proceed Short Below Barrier Levels 1.28735 And 1.28432
Forex Watchers | Sep 23, 2014 03:07AM ET
We have had a good forecast for yesterday with 6 out of the 7 pairs conforming to our forecasts. As expected the US dollar had strengthened. Would be good to keep a close eye on the euro, Canadian dollar and New Zealand dollar pairs due to our fundamental watch. We could be looking at another strong day for the US while the Japanese Yen could be sidelined. Not adding any hedged pairs to offset the trading risk.
Forecasts Outlook
US Dollar: Strong
Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.28735 and 1.28432.
Fundamental Watch
– French Flash Manufacturing PMI
– German Flash Manufacturing PMI
– Core Retail Sales m/m
– Trade Balance
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.