Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

EUR/USD To Proceed Short Below The Barrier Levels 1.35945 And 1.36209

Published 12/02/2013, 01:33 AM
Updated 05/14/2017, 06:45 AM

Friday and Thursday we were not able to get the forecast out due to the holliday in the US, we were not able to get some vital data in time. On the previous forecast markets headed in our direction for the most part, especially the EUR/USD, GBP/USD, USD/CHF and EUR/JPY. As we had expected the dollar and the yen weakened against many currencies. Today we could see a strong dollar against many currencies, and the yen seems to be at cross roads. Adding two 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 1.35945 and 1.36209.

Fundamental Watch
- Manufacturing PMI
- Fed Chairman Bernanke Speaks
- ISM Manufacturing PMI
- Retail Sales m/m
- Cash Rate
- RBA Rate Statement

<span class=EUR/USD Chart" title="EUR/USD Chart" width="428" height="540">

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.