EUR/USD To Proceed Short Below Barrier Levels 1.37012 And 1.36717
Forex Watchers | Jan 27, 2014 12:06AM ET
Our previous forecasts headed in our direction for the most past, especially the EUR/USD, GBP/USD and the AUD/USD. As we had thought the US dollar did strengthen against many pairs and Japanese yen was sidelined. Today we have many fundamental news item coming out that could affect the US dollar, euro and Australian dollar. Through the course of the day we could see a strong US dollar and the Japanese yen could be weak. 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 1.37012 and 1.36717.
Fundamental Watch
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- New Home Sales
- NAB Business Confidence
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