EUR/USD: Forecast For January 11, 2015
Forex Watchers | Feb 11, 2015 01:40AM ET
Good morning. Hope all is well. We have had a bit of a turmoil on our forecast for yesterday with only a 43% accuracy. As we had expected Japanese yen did weaken but only by a single point on our scale. On the other hand US dollar had strengthened through the course of yesterday, we did take a mixed stance on this. For today we only have one fundamental news item that could affect movements on euro pairs. Through the course of the day we could be seeing a weak US dollar while Japanese yen may sideline. Adding two hedged pairs 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 1.12920 and 1.13239.
Fundamental Watch
– Eurogroup Meetings
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