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EUR/USD To Proceed Long Above 1.13012 And 1.1270

EUR/USD To Proceed Long Above 1.13012 And 1.1270

Good morning. Hope all is well! We seem to have had a 100% accuracy on our direction/reaction from our supply/demand zones. However, later in the day markets abruptly turned around. That is the move we were expecting. Markets came around and then later in the day started a new move.

Swiss franc, British pound and US dollar pairs are on our watch list today, with majority of the fundamentals coming out that could affect the greenback, we could be in for a very busy day. We could see a weak US and yen. We’re adding two hedged pairs to offset the risk. Happy Trading!

Forecasts Outlook

  • US Dollar: Weak
  • Today we’re expecting the EUR/USD to proceed Long above the barrier levels of 1.13012 and 1.12708.

Fundamental Watch

  • BOJ Gov Kuroda Speaks
  • Libor Rate
  • SNB Monetary Policy Assessment
  • Retail Sales m/m
  • Building Permits
  • Unemployment Claims
  • Philly Fed Manufacturing Index
  • FOMC Economic Projections
  • FOMC Statement
  • Federal Funds Rate
  • FOMC Press Conference
  • RBA Gov Stevens Speaks

EUR/USD Chart

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