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EUR/USD To Proceed Short Below Barrier Levels 1.38830 And 1.38532

Published 05/09/2014, 02:19 AM
Updated 05/14/2017, 06:45 AM
EUR/USD
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We seem to have had a really good forecast for yesterday with 6 out of the 7 pairs forecasted behaving as we had predicted! Today the pairs to watch would be British pound, Canadian and US dollar pairs due to our fundamental watch. We could see some fueling movements on these currency pairs. US dollar could go on a strong streak on majority of the pairs while Japanese Yen might weaken. Adding two hedged pairs to offset the trading risk.

Forecasts Outlook
US dollar: Strong

Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.38830 and 1.38532.

Fundamental Watch
- Manufacturing Production m/m
- Employment Change
- Unemployment Rate
- JOLTS Job Openings

EUR/USD Chart

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