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EUR/USD: A Weak Outlook On The Dollar

EUR/USD: A Weak Outlook On The Dollar

Wednesday’s forecast went in our direction for the most part, except for one pair that did not have the strength to reach our blue zones all others behaved close to what was thought possible. US Dollar could strengthen in the long run in time to come but will have to let off some steam in the short term and Japanese Yen looks like it has weakened for sometime now and could gather steam. Today we are going to take a weak outlook on US Dollar while Japanese Yen could strengthen. Not adding a hedged pair to offset the trading risk. Happy trading everyone!! Forecasts OutlookUS Dollar: WeakToday we’re expecting the EUR/USD to proceed Long above the barrier levels of 1.31526 and 1.31824.Fundamental Watch– BOJ Press Conference- Asset Purchase Facility- Official Bank Rate- Tentative GBP- MPC Rate Statement- Minimum Bid Rate- ADP Non-Farm Employment Change- ECB Press Conference- Unemployment Claims- ISM Non-Manufacturing PMI- G20 Meetings


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