UR/USD To Proceed Short Below Barrier Levels Of 1.36133 And 1.35834
Forex Watchers | Oct 08, 2013 01:45AM ET
A good start to the week as Monday’s forecast headed in our direction on most pairs, especially the EUR/USD, USD/CAD, USD/CHF, and the oceanic pairs. We did have a scenario with the GBP/USD where it penetrated our blue zone and Japanese yen pair was very strong it did not have the juice to retrace to our blue zone. As we had expected the US dollar did strengthen against some currencies and Japanese yen also continued to gain strength. Today we could be looking at a strong US dollar against some currencies and a weak Japanese yen. Adding three hedged pairs to offset the trading risk.
Forecasts Outlook
US Dollar: Strong
Today we're expecting the EUR/USD to proceed short below the barrier levels of 1.36133 and 1.35834.
Fundamental Watch
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