Thursday’s forecasts went in our direction for the most part, in fact all pairs behaved close to what was thought possible. As suspected on most pairs it failed to reach our blue zone. Today I am going to take a weak outlook on US Dollar and Japanese Yen could strengthen. Not adding a hedged pair to offset the trading risk. Happy trading everyone!!
Forecasts Outlook
US Dollar: Weak
Today we're expecting the EUR/USD to proceed Long above the barrier levels of 1.30552 and 1.30157.
Fundamental Watch
- PPI m/m
- Prelim UoM Consumer Sentiment