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EUR/USD To Proceed Short Below Barrier Levels 1.29162 And 1.28752

ByForex Watchers
Published 09/18/2014, 02:37 AM
Updated 05/14/2017, 06:45 AM

We have had a good forecast for yesterday with 5 out of the 7 pairs behaving as we had predicted, specially the two Oceanic Pairs were spot on. The yen and US dollar had both weakened through the course of the day. We could be in for a very volatile market with many news items coming out that could fuel movements. Infact we have one of the highest number of items on our fundamental watch. Most of the major trading currencies could be affected. We could be looking at a weak US dollar while the yen may sideline. Adding one hedged pair to offset the trading risk. Happy Trading!

Forecasts Outlook
US Dollar: Weak

Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.29162 and 1.28752.

Fundamental Watch
– FOMC Economic Projections
– FOMC Statement
– Federal Funds Rate
– FOMC Press Conference
– BOJ Gov Kuroda Speaks
– Libor Rate
– SNB Monetary Policy Assessment
– Retail Sales m/m
– Targeted LTRO
– Scottish Independence Vote
– Building Permits
– Unemployment Claims
– Fed Chair Yellen Speaks
– Philly Fed Manufacturing Index

EUR/USD Chart

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