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EUR/USD To Proceed Short Below Barrier Levels 1.28735 And 1.28432

Published 09/23/2014, 03:07 AM
Updated 05/14/2017, 06:45 AM

We have had a good forecast for yesterday with 6 out of the 7 pairs conforming to our forecasts. As expected the US dollar had strengthened. Would be good to keep a close eye on the euro, Canadian dollar and New Zealand dollar pairs due to our fundamental watch. We could be looking at another strong day for the US while the Japanese Yen could be sidelined. Not adding any 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 1.28735 and 1.28432.

Fundamental Watch
– French Flash Manufacturing PMI
– German Flash Manufacturing PMI
– Core Retail Sales m/m
– Trade Balance

EUR/USD Chart

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