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EUR/USD Expected To Proceed Above 1.08756 And 1.08454 Barrier Levels

Published 04/28/2015, 02:08 AM
Updated 05/14/2017, 06:45 AM

Good morning. Hope all is well! We have had a good forecast on Friday with a 71% accuracy on our predictions. On some supply/demand zones markets poked out slightly on the opposite side and then moved in the direction predicted. The US dollar had gained a little strength while Japanese yen let out a little steam. British pound, New Zealand, US and Canadian dollar pairs are on our watch list today on account of the fundamental watch. We could some induced movements on them. Could be in for a weak US and Japanese yen. Adding two hedged pairs 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 1.08756 and 1.08454.

Fundamental Watch
– Prelim GDP q/q
– BOC Gov Poloz Speaks
– CB Consumer Confidence
– Trade Balance

EUR/USD Chart

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