EUR/USD Expected To Proceed Below 1.09716 And 1.10024 Levels
Forex Watchers | Apr 07, 2015 01:43AM ET
Good morning. Hope all is well! We seem to have had a good forecast for yesterday with a 71% accuracy. On some pairs initially markets did behave as we predicted from our supply/demand zones, however later in the day changed direction. For today we could see good moves on Australian dollar, British pound and Japanese yen on account of our fundamental watch. Could be looking at a strong US Dollar while Japanese Yen could let out 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 1.09716 and 1.10024.
Fundamental Watch
– Retail Sales m/m
– Cash Rate
– RBA Rate Statement
– Services PMI
– Monetary Policy Statement
– BOJ Press Conference
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