EUR/USD To Proceed Short Below Barrier Levels 1.34328 And 1.34030
Forex Watchers | Jul 30, 2014 02:07AM ET
We seem to have had a moderate forecast for yesterday with 4 out of the 7 pairs behaving as predicted. This was due to US Dollar strengthening slightly instead of weakening as we had thought. Also Japanese yen gained a bit of strength instead of weakening. The euro, US dollar and Austrialian pairs are on our watchlist for today due to our fundamental watch. Both the US dollar and yen could be on the weak site today. Adding two hedged pairs to offset the trading risk.
Forecasts Outlook
US Dollar: Weak
Today we're expecting the EURUSD to proceed Short below the barrier levels of 1.34328 and 1.34030.
Fundamental Watch
- German Prelim CPI m/m
- ADP Non-Farm Employment Change
- Advance GDP q/q
- FOMC Statement
- Building Approvals m/m
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