🔮 Better than the Oracle? Our Fair Value found this +42% bagger 5 months before Buffett bought itRead More

EUR/USD Forecast for March 14

Published 03/14/2014, 03:16 AM
Updated 05/14/2017, 06:45 AM
EUR/USD
-

Good morning! Today we could be in for some movements/action on US Dollar pairs as some fuel will be injected by a few fundamentals. We had an average forecast for yesterday as market moved in our direction initially and then later crashed through our blue zones. As we had thought the Oceanic Pairs did not let out that much steam to reach our blue zones but it has halted earlier as we had predicted. However on the other hand Japanese Yen instead of weakening ended up gathering some momentum all together. All in all it was a positive forecast. Today we could see a weak US Dollar and Japanese could be sidelined. Not adding any hedged pairs to offset the trading risk. Happy trading everyone!!

Forecasts Outlook
US Dollar: Weak

Today we're expecting the EURUSD to proceed Long above the barrier levels of 1.39661 and 1.39405.

Fundamental Watch
- PPI m/m
- Prelim UoM Consumer Sentiment

<span class=EUR/USD" title="EUR/USD" height="588" width="440">

Latest comments

Loading next article…
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.