EUR/USD To Proceed Short Below Barrier Levels 1.33533 And 1.33836
Forex Watchers | Aug 19, 2014 01:51AM ET
This is our first forecast for the week as we had an issue yesterday with gathering data. A good start to the week as our previous forecast last week Friday was a good one with 5 out of the 7 pairs conforming to our predictions. The GBP/USD, USD/CAD, the Oceanic pairs and Japanese yen moved in a way very close to what we had thought possible. The EUR/USD and USD/CHF were the odd ones out. Currencies to keep an eye out for today would be British pound, Australian dollar and US dollar due to our fundamental watch. We could be looking at a sidelined day for the US dollar while Japanese yen could strengthen. Adding three hedged pairs to offset the trading risk.
Forecasts Outlook
US Dollar: Mixed Sentiments
Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.33533 and 1.33836.
Fundamental Watch
- Monetary Policy Meeting Minutes
- CPI y/y
- Building Permits
- CPI m/m
- Core CPI m/m
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.