EUR/USD To Proceed Short Below Barrier Levels 1.39494 And 1.39197
Forex Watchers | May 08, 2014 02:00AM ET
Looks like we may have a nice day ahead with many fundamental news items coming out that could affect our markets. The British pounds, euro, US and Australian dollar pairs would be the ones to watch. We seem to have had a really good forecast for yesterday with 6 out of the 7 pairs forecasted behaving as we had predicted! Today both US dollar and Japanese yen are hard to read the could be sidelined. Adding three hedged pairs to offset the trading risk.
Forecasts Outlook
US dollar: Mixed Sentiments
Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.39494 and 1.39197.
Fundamental Watch
- Asset Purchase Facility
- Official Bank Rate
- MPC Rate Statement
- Minimum Bid Rate
- ECB Press Conference
- Unemployment Claims
- Fed Chair Yellen Testifies
- RBA Monetary Policy Statement
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