EUR/USD: Today's Forecast
Forex Watchers | Nov 18, 2014 12:08AM ET
Good morning. Hope all is well. We seem to have had a moderate forecast for yesterday with approximately 4 pairs out of the 7 behaving as predicted. This was mainly due to US Dollar strengthening instead of weakening, on many pairs and the markets punched through our blue zones. As expected the Yen did strengthen slightly taking the EUR/JPY pair further south as predicted, however overall the Yen was sidelined through the day against other currencies. Today we could be in for some movements on the Oceanic pairs, British Pound, Euro and the US Dollar pairs due to our fundamental watch. Towards the early part of the day we could be seeing a strong US Dollar and then later on it may strengthen. Japanese Yen is looking like it may want to gather some steam. Not adding any hedged pairs to offset the risk. Happy Trading!
Forecasts Outlook
US Dollar: Strong
Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.24962 and 1.25293.
Fundamental Watch
– Monetary Policy Meeting Minutes
– RBA Gov Stevens Speaks
– CPI y/y
– German ZEW Economic Sentiment
– PPI m/m
– GDT Price Index
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