EUR/USD To Proceed Short Below Barrier Levels 1.35375 And 1.35671
Forex Watchers | Jun 11, 2014 02:02AM ET
We have had a good forecast for yesterday with 4 of our pairs conforming very closely to our forecast (EUR/USD, USD/CAD, USD/CHF and EUR/JPY). On the Oceanic Pairs we were correct on the direction however markets did not reach our demand zones. The GBP/USD was the odd one out with it’s move in the opposite direction. We could be in for a field day on British Pound and the two Oceanic Pairs due to our fundamental watch. We have many news items coming out that could fuel movements on these markets, specially New Zealand dollar pairs as four of the announcements are related to those currency pairs. We could have a very interesting day on these pairs. During the course of today we could be in for a strong US dollar and a weak Japanese yen. Adding one 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 1.35375 and 1.35671.
Fundamental Watch
- Claimant Count Change
- Unemployment Rate
- Official Cash Rate
- RBNZ Monetary Policy Statement
- RBNZ Press Conference
- RBNZ Rate Statement
- Employment Change
- Unemployment Rate
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