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EUR/USD Forecast For January 6, 2015

Published 01/06/2015, 12:56 AM
Updated 05/14/2017, 06:45 AM

Good morning. Hope all is well. We have had a moderate forecast for yesterday with 4 out of the 7 pairs conforming to our predictions. US dollar had weakened as we had expected, however on the contrary Japanese yen ended up gaining some strength. British pound, US dollar and New Zealand currency pairs are on our watch list for today due to our fundamental watch, we could see some movements on these currencies. Through the course of the day we could be seeing a continuation of weakness on US dollar while Japanese yen may turn a weak chapter. Not adding any 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 1.19288 and 1.19607.

Fundamental Watch
– Services PMI
– GDT Price Index
– ISM Non-Manufacturing PMI

EUR/USD Chart

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