EUR/USD To Proceed Short Below Barrier Levels 1.36893 And 1.37170
Forex Watchers | Apr 07, 2014 04:00AM ET
Today we could expect some moves on Japanese Yen and the Oceanic pairs. Apologies as we couldn’t get out our Friday’s forecast due to a technical issue, however our previous forecast on the thursday seems to have gone in our favour on many pairs. Especially, the GBP/USD, USD/CAD and the Oceanics Pairs. Even the EUR/USD, USD/CHF and EUR/JPY went in the direction with a spike and then took a turn for the opposite side. All in all a good forecast! Through the course of the day Japanese Yen could strengthen and for the moment the US dollar is a bit hard to read. Adding a hedged pair to offset the trading risk. Happy trading everyone!!
Forecasts Outlook
US dollar: Mixed Sentiments
Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.36893 and 1.37170.
Fundamental Watch
- NZIER Business Confidence
- NAB Business Confidence
- Monetary Policy Statement
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