EUR/USD To Proceed Short Below The Barrier Levels 1.35945 And 1.36209
Forex Watchers | Dec 02, 2013 01:33AM ET
Friday and Thursday we were not able to get the forecast out due to the holliday in the US, we were not able to get some vital data in time. On the previous forecast markets headed in our direction for the most part, especially the EUR/USD, GBP/USD, USD/CHF and EUR/JPY. As we had expected the dollar and the yen weakened against many currencies. Today we could see a strong dollar against many currencies, and the yen seems to be at cross roads. 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 1.35945 and 1.36209.
Fundamental Watch
- Manufacturing PMI
- Fed Chairman Bernanke Speaks
- ISM Manufacturing PMI
- Retail Sales m/m
- Cash Rate
- RBA Rate Statement
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