Get 40% Off
🔥 This hedge fund gained 26.16% in the last month. Get their top stocks with our free stock ideas tool.See stock ideas

EUR/USD: Today's Forecast

Published 11/18/2014, 12:08 AM
Updated 05/14/2017, 06:45 AM
EUR/USD
-
GBP/USD
-
USD/JPY
-
EUR/JPY
-
DX
-

Good morning. Hope all is well. We seem to have had a moderate forecast for yesterday with approximately 4 pairs out of the 7 behaving as predicted. This was mainly due to US Dollar strengthening instead of weakening, on many pairs and the markets punched through our blue zones. As expected the Yen did strengthen slightly taking the EUR/JPY pair further south as predicted, however overall the Yen was sidelined through the day against other currencies. Today we could be in for some movements on the Oceanic pairs, British Pound, Euro and the US Dollar pairs due to our fundamental watch. Towards the early part of the day we could be seeing a strong US Dollar and then later on it may strengthen. Japanese Yen is looking like it may want to gather some steam. Not adding any hedged pairs to offset the risk. Happy Trading!

Forecasts Outlook
US Dollar: Strong

Today we're expecting the EUR/USD to proceed Short below the barrier levels of 1.24962 and 1.25293.

Fundamental Watch
– Monetary Policy Meeting Minutes
– RBA Gov Stevens Speaks
– CPI y/y
– German ZEW Economic Sentiment
– PPI m/m
– GDT Price Index

EUR/USD Daily Chart

Latest comments

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.