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EUR/USD To Proceed Short Below Barrier Levels Of 1.36153 And 1.35856

Published 11/01/2013, 02:01 AM
Updated 05/14/2017, 06:45 AM

Good start to a new month as Yesterday’s forecast headed in our direction for the most part, especially the EUR/USD, GBP/USD, USD/CHF, NZD/USD and EUR/JPY. As we had thought the US dollar and Japanese yen did gain strength against many pairs. We could be picking a direction in the near future. Today the US dollar could continue to strengthen and Japanese yen on the other hand could weaken. Adding a hedged pair 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 1.36153 and 1.35856.

Fundamental Watch
- Monetary Policy Statement
- BOJ Press Conference
- Unemployment Claims
- PPI q/q
- Manufacturing PMI

<span class=EUR/USD" title="EUR/USD" width="441" height="592" />

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