Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

EUR/USD To Proceed Short Below 1.08814 And 1.08501

Published 11/05/2015, 01:21 AM
Updated 05/14/2017, 06:45 AM

Good morning. Hope all is well! Have had an above average forecast with a 57% accuracy on our predictions. Both the greenback and the yen strengthened through the day. We could be seeing a busy day for pound and dollar pairs with many fundamentals due to come out through the day. Specially on British pound pairs with majority of the items relating to this currency. Could be looking at a strong US dollar while the yen may let out some steam. Adding two 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 1.08814 and 1.08501.

Fundamental Watch
BOE Inflation Report
– MPC Official Bank Rate Votes
– Monetary Policy Summary
– Official Bank Rate
BOE Gov Carney Speaks
Unemployment Claims

EUR/USD 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.