EUR/USD To Proceed Long Above 1.11105 And 1.10812
Forex Watchers | May 21, 2015 02:14AM ET
Good morning. Hope all is well! We seem to have had a bit of a turmoil on our forecast for yesterday with only a 29% accuracy on our predictions. This was mainly because with the markets sidelining through the day, we did end up taking a mixed stance on our directions for yesterday. Japanese yen, British pound, euro and US dollar pairs are on our watch list today on account of the fundamental watch. We could see a weak US dollar and Japanese yen. Not adding any 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 1.11105 and 1.10812.
Fundamental Watch
– FOMC Meeting Minutes
– French Flash Manufacturing PMI
– German Flash Manufacturing PMI
– Retail Sales m/m
– ECB Monetary Policy Meeting Accounts
– Unemployment Claims
– Existing Home Sales
– Philly Fed Manufacturing Index
– Monetary Policy Statement
– BOJ Press Conference
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