EUR/USD To Proceed Short Below Barrier Levels 1.38142 And 1.37834
Forex Watchers | Apr 02, 2014 04:26AM ET
Yesterday’s forecast was a very close on GBP/USD and the Oceanic Pairs, however the other pairs had some mixed sentiments, that is some being sidelined and not having much movements and some going in the opposite direction to what we had thought possible. Today also we could be in for some action on US dollar, British pound and Australian dollar. Looking forward to some decent moves on these pairs due to our fundamental watch. Through the course of the day we could see a strong US dollar and Japanese yen could continue it’s weak spell. Adding a hedged pair 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 1.38142 and 1.37834.
Fundamental Watch
- Construction PMI
- ADP Non-Farm Employment Change
- Retail Sales m/m
- Trade Balance
- RBA Gov Stevens Speaks
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.