EUR/USD: Expect a Weak Dollar

 | Jun 25, 2013 02:32AM ET

Monday’s forecast was in the right direction for the most part. Looking to see some retracements happening from the moves that occured Friday and Monday. Today US Dollar could lose some steam together with Japanese yen. I’m not adding any hedged pairs to offset the trading risk. Happy trading everyone!!

Forecasts Outlook

US Dollar: Weak

Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.30844 and 1.31113.

Fundamental Watch
- Inflation Report Hearings
- Core Durable Goods Orders m/m
- CB Consumer Confidence
- New Home Sales