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EUR/USD Forecast: Strong US Dollar

Published 12/19/2013, 01:48 AM
Updated 05/14/2017, 06:45 AM

Good morning, hope all is well! Our previous forecasts headed in our direction for the most part, especially GBP/USD and EUR/JPY. The other pairs also behaved close to prediction and turned around leaving only tails as a tell tale sign of the expected movement. As we had thought US dollar and Japanese Yen did strengthen against many currencies and also as suspected the fundamental watch did effect the pound to a great degree. Today we have many fundamental news item coming out that could affect US Dollar, Pound, Japanese Yen. We could see a further strengthening of the US Dollar and also could see a strong Yen today. Adding one hedged pair to offset the trading risk. Happy trading everyone!!

Forecasts Outlook
US Dollar: Strong

Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.37795 and 1.37493.

Fundamental Watch
- Retail Sales m/m
- Unemployment Claims
- Existing Home Sales
- Philly Fed Manufacturing Index
- Tentative JPY
- Monetary Policy Statement

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