EUR/USD Forecast: US Dollar Is Weak
Forex Watchers | Mar 17, 2015 02:04AM ET
Good morning. Hope all is well. We have had a really good forecast for yesterday with almost a 100% accuracy on our predictions. On some instances markets came out of our supply/demand zones slightly on the opposite side and turned around in our favour. All in all a good forecast. Today looks like it could turn out to be a busy day as there are many fundamental news items due to come out that could affect many major markets. Euro, Japanese Yen, Canadian, US, New Zealand and Australian Dollar pairs could be affected. Basically all the major trading currencies. Both Japanese Yen and US Dollar currencies could let out some steam today also. 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 1.05194 and 1.05518.
Fundamental Watch
– ECB President Draghi Speaks
– Monetary Policy Meeting Minutes
– Monetary Policy Statement
– BOJ Press Conference
– German ZEW Economic Sentiment
– Manufacturing Sales m/m
– Building Permits
– GDT Price Index
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