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EUR/USD: Looks Weak Today

Published 11/26/2014, 01:49 AM
Updated 05/14/2017, 06:45 AM

Good morning. Hope all is well! We have had a really good forecast for yesterday with 6 out of the 7 pairs playing out as we had predicted. USD/CAD was the only pair that did not behave as predicted. As we had thought the US Dollar did weaken through the day, however Japanese Yen was more sidelined. Today we could be seeing some movements on British Pound and US Dollar due to our fundamental watch. US Dollar looks like it may be on a weak course for the day while Yen may gather some steam. Adding two hedged pair to offset the risk. Happy Trading!

Forecasts Outlook
US Dollar: Weak

Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.24755 and 1.24416.

Fundamental Watch
- Second Estimate GDP q/q
- Core Durable Goods Orders m/m
- Unemployment Claims
- New Home Sales

EUR/USD Daily Chart

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