🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

EUR/USD To Proceed Long Above Barrier Levels 1.37481 And 1.37183

Published 04/08/2014, 01:55 AM
Updated 05/14/2017, 06:45 AM
USD/CAD
-
EUR/JPY
-

We seem to have had a bit of a turmoil on yesterday’s forecast as only the USD/CAD and EUR/JPY behaved very close to our prediction. On the Oceanic pairs we had got the direction right, however markets didn’t move into our blue zones, they basically turned around earlier. Today we could expect some moves on Japanese yen, US dollar, British pound and Canadian dollar. Through the course of the day both US dollar and Japanese yen could be heading towards a weak side. Adding two hedged pairs to offset the trading risk. Happy trading everyone!!

Forecasts Outlook
US dollar: Mixed Sentiments

Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.37481 and 1.37183.

Fundamental Watch
- BOJ Press Conference
- Manufacturing Production m/m
- Building Permits m/m
- JOLTS Job Openings

EUR/USD Chart

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.