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EUR/USD Expected To Proceed Short Below 1.11919 And 1.11634 Levels

Published 07/01/2015, 01:23 AM
Updated 05/14/2017, 06:45 AM

We have had a really good forecast for yesterday with an 86% accuracy on our predictions. It was good that we took a sidelined stance as both US dollar and Japanese yen did not trend at all, they were both very much sidelined. We may be in for a busy day today also with many fundamental items coming out that could affect many major trading currencies. Through the course of today we could be looking at a strong US dollar and a weak Japanese yen. Adding two hedged pairs to offset the risk. Happy Trading!

Forecasts Outlook
US dollar: Strong

Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.11919 and 1.11634.

Fundamental Watch
Manufacturing PMI
– BOE Gov Carney Speaks
Eurogroup Meetings
ADP Non-Farm Employment Change
ISM Manufacturing PMI
– GDT Price Index
– Trade Balance

EUR/USD Chart

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