EUR/USD: Expected To Proceed Long Above 1.11905 And 1.11609
Forex Watchers | Mar 04, 2015 12:30AM ET
Good morning. Hope all is well! We seem to have had a good forecast for yesterday with a 71% accuracy. Many pairs behaved as predicted while some were sidelined did not move anywhere, basically hovered around in and out of our blue zones. Could be in for a busy day today with many fundamental items coming out that could affect many major currencies. British pound, Australian, US Dollar and Canadian dollar pairs are on our watch list. US Dollar could let out some steam together with Japanese yen through the course of the day. 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 1.11905 and 1.11609.
Fundamental Watch
– GDP q/q
– Fed Chair Yellen Speaks
– Services PMI
– ADP Non-Farm Employment Change
– BOC Rate Statement
– Overnight Rate
– ISM Non-Manufacturing PMI
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