EUR/USD To Proceed Short Below Barrier Levels Of 1.37902 And 1.37606
Forex Watchers | Oct 30, 2013 02:04AM ET
Tuesday’s forecast headed in our direction for the most part, especially the USD/CHF and AUD/USD. As we had thought US dollar did gain strength against many pairs. On the other hand the Japanese yen weakened instead of strengthening. We still seem to be at cross roads. Today the US dollar could continue to strengthen and the yen also could go into a strong spell. 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 1.37902 and 1.37606.
Fundamental Watch
- ADP Non-Farm Employment Change
- Core CPI m/m
- FOMC Statement
- Official Cash Rate
- RBNZ Rate Statement
- ANZ Business Confidence
- Building Approvals m/m
- Tentative JPY
- Monetary Policy Statement
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