EUR/USD To Proceed Short Below 1.14243 And 1.14548
Forex Watchers | Oct 16, 2015 02:28AM ET
Good morning. Hope all is well! We have had an average forecast for yesterday with a 57% accuracy on our predictions for yesterday. As expected, the US dollar gathered a little steam but only by a very small amount (a point on our scale), while Japanese yen was sidelined. The yen, Canadian and US dollar pairs are on our watch list for today due to fundamentals. Could be in for a strong US dollar while Japanese yen may sideline through the day. Adding two 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 1.14243 and 1.14548.
Fundamental Watch
– BOJ Gov Kuroda Speaks
– Manufacturing Sales m/m
– Prelim UoM Consumer Sentiment
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