EUR/USD: Forecast For March 2, 2015
Forex Watchers | Mar 02, 2015 01:35AM ET
Good morning. Hope all is well! A beginning of a new month, looking forward to some exciting times. We seem to have had a really good forecast for Friday with all of the pairs moving in the directions we had predicted. However on some instances markets went deep into our zones coming out on the other side and then turned around. As we had thought the US Dollar did gain in strength and Japanese Yen let out some steam. Euro, British pound and US dollar pairs are on our watch list today on account of the fundamental watch. Today also we could see a strong US dollar while Japanese yen may sideline. 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 1.11810 and 1.12129.
Fundamental Watch
– Manufacturing PMI
– CPI Flash Estimate y/y
– ISM Manufacturing PMI
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