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EUR/USD Expected To Proceed Short Below 1.09627 And 1.09916

EUR/USD Expected To Proceed Short Below 1.09627 And 1.09916

Good morning. Hope all is well! Have had a bit of a turmoil in our forecast for yesterday with only a 43% accuracy. This was due to US dollar gathering steam across the board. For today we have Australian and US dollar pairs on our watch list due to the fundamental watch. We could see the US dollar strength continuing through the day. Adding one hedged pair 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 1.09627 and 1.09916.

Fundamental Watch

– Advance GDP q/q– Goods Trade Balance– Unemployment Claims– ANZ Business Confidence– PPI q/q

EUR/USD Daily Chart

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