Friday’s forecast was a bit here and there some pairs behaved as we had thought and others went into a range, the USD/CAD, AUD/USD and EUR/JPY behaved very close to what we had thought possible. The yen had strengthened as we had thought. Today we could expect the US dollar to strengthen against some pairs. Japanese Yen is a bit hard to read. Adding a hedged pair 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 1.36771 and 1.37072.
Fundamental Watch
- Existing Home Sales
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