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EUR/USD To Proceed Short Below Barrier Levels 1.33533 And 1.33836

Published 08/19/2014, 01:51 AM
Updated 05/14/2017, 06:45 AM

This is our first forecast for the week as we had an issue yesterday with gathering data. A good start to the week as our previous forecast last week Friday was a good one with 5 out of the 7 pairs conforming to our predictions. The GBP/USD, USD/CAD, the Oceanic pairs and Japanese yen moved in a way very close to what we had thought possible. The EUR/USD and USD/CHF were the odd ones out. Currencies to keep an eye out for today would be British pound, Australian dollar and US dollar due to our fundamental watch. We could be looking at a sidelined day for the US dollar while Japanese yen could strengthen. Adding three hedged pairs to offset the trading risk.

Forecasts Outlook
US Dollar: Mixed Sentiments

Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.33533 and 1.33836.

Fundamental Watch
- Monetary Policy Meeting Minutes
- CPI y/y
- Building Permits
- CPI m/m
- Core CPI m/m

EUR/USD Chart

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