EUR/USD To Proceed Short Below 1.11216 And 1.11506
Forex Watchers | Jul 02, 2015 12:40AM ET
Good morning. Hope all is well! We seem to have had a good forecast with a 71% accuracy on our predictions. As expected, the US dollar did gather some steam, while the Japanese yen was more sidelined than weakening. We may be in for a busy day today for US dollar pairs, with NFP news coming out a day earlier as markets are closed tomorrow in the US. Could be looking at significant movement today. We are going to take a mixed stance for today for both the currencies. Adding two hedged pairs to offset the risk. Happy Trading!
Forecasts Outlook
US Dollar: Mixed Sentiments
Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.11216 and 1.11506.
Fundamental Watch
– Construction PMI
– Non-Farm Employment Change
– Unemployment Rate
– ECB President Draghi Speaks
– Retail Sales m/m
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