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EUR/USD To Proceed Long Above Barrier Levels 1.35650 And 1.35954

Published 12/04/2013, 01:30 AM
Updated 05/14/2017, 06:45 AM

Yesterday’s forecast headed in our direction for the most part, especially the EUR/USD, USD/CAD, USD/CHF and the two Oceanic pairs. As we had expected the dollar weakened against many currencies and the yen did prove to be strong. Today we have a few fundamental news items coming out that could affect the US, the Australian and Canadian dollar. We could see a continue to see a weak dollar against many currencies and Japanesey yen could also weaken. Adding two hedged pairs to offset the trading risk.

Forecasts Outlook
US dollar: Weak

Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.35650 and 1.35954.

Fundamental Watch
- Services PMI
- ADP Non-Farm Employment Change
- Trade Balance
- Trade Balance
- BOC Rate Statement
- Overnight Rate
- ISM Non-Manufacturing PMI
- New Home Sales
- Trade Balance

<span class=EUR/USD Chart" title="EUR/USD Chart" width="441" height="588">

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