EUR/USD To Proceed Short Below Barrier Levels Of 1.36153 And 1.35856
Forex Watchers | Nov 01, 2013 02:01AM ET
Good start to a new month as Yesterday’s forecast headed in our direction for the most part, especially the EUR/USD, GBP/USD, USD/CHF, NZD/USD and EUR/JPY. As we had thought the US dollar and Japanese yen did gain strength against many pairs. We could be picking a direction in the near future. Today the US dollar could continue to strengthen and Japanese yen on the other hand could weaken. 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 1.36153 and 1.35856.
Fundamental Watch
- Monetary Policy Statement
- BOJ Press Conference
- Unemployment Claims
- PPI q/q
- Manufacturing PMI
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