EUR/USD Expected To Proceed Above 1.07226 And 1.07537 Levels
Forex Watchers | Apr 01, 2015 01:54AM ET
Good morning. Hope all is well! We have had bit of a turmoil on our forecasts for yesterday with only a 29% accuracy. This was mainly due to the dollar being sidelined and Japanese yen strengthening instead of weakening. British pound, New Zealand dollar, Australian and US dollar pairs are on our watch list today on account of the fundamental watch. Both US dollar and Japanese yen could be on the weak for today. Adding one hedged pair to offset the risk. Happy Trading!
Forecasts Outlook
US dollar: Weak
Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.07226 and 1.07537.
Fundamental Watch
– Manufacturing PMI
– ADP Non-Farm Employment Change
– ISM Manufacturing PMI
– GDT Price Index
– Trade Balance
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