USD: Outlook Is Weak For Today
Forex Watchers | Nov 24, 2014 02:14AM ET
Good morning. Hope everyone had a great week end and are also looking forward to Thanksgiving this week! We seem to have had a good forecast for Friday with 4 out of the 7 pairs behaving as predicted. We were very close on the two Oceanic pairs, USD/CAD and EUR/JPY, however had issues with EUR/USD and USD/CHF due to the sudden weakness in EUR and CHF. The US Dollar was more sidelined while the Yen gained some strength as predicted. We only have one fundamental item for today that could affect the Euro, so would be good to keep a close eye on this currency. Through the day both US Dollar and yen could be weak. 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 1.23603 and 1.23910.
Fundamental Watch
– German Ifo Business Climate
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