EUR/USD To Proceed Short Below Barrier Levels 1.34987 And 1.34600
Forex Watchers | Jul 23, 2014 01:50AM ET
A good start to the week as majority of our pairs conformed to our predictions for Monday, specially USD/CAD, GBP/USD, USD/CHF, AUD/USD and EUR/JPY (5 out of 7 pairs). We were close on NZD/USD also, however markets never reached our demand zone but went in the direction of it. All in all a good forecast! Apologies as we couldn’t get our forecast out for yesterday as our site was under maintenance. For today on our fundamental watch list we have British pound, Canadian dollar and New Zealand dollar pairs that could get some fueling injections due to important news items. We are going to keep a close eye on these pairs. We could be seeing a strong US dollar and Japanese yen. Adding two 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 1.34987 and 1.34600.
Fundamental Watch
- MPC Asset Purchase Facility Votes
- MPC Official Bank Rate Votes
- BOE Gov Carney Speaks
- Core Retail Sales m/m
- Official Cash Rate
- RBNZ Rate Statement
- Trade Balance
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