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EUR/USD To Proceed Long Above 1.12109 And 1.1243

EUR/USD To Proceed Long Above 1.12109 And 1.1243

Good morning. Hope all is well! We have had a bit of a turmoil on our forecast for yesterday with only a 29% accuracy on our predictions. This was due to US dollar and Japanese yen moving in the opposite direction to what was predicted. Basically, US weakened instead of strengthening while the yen gained strength instead of weakening. Could be in for a busy day on the fundamental front with news coming out that could affect US dollar, British pound and the two Oceanic pairs. Going to take a mixed stance for both US and yen for today. Adding three hedged pairs to offset the risk. Happy trading!

Forecasts Outlook

  • US dollar: Mixed Sentiments
  • Today we’re expecting the EUR/USD to proceed Long above the barrier levels of 1.12109 and 1.12432.

Fundamental Watch

  • CB Consumer Confidence
  • BOE Gov Carney Speaks
  • ANZ Business Confidence
  • Building Approvals m/m

EUR/USD Chart

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