EURUSD Forecast for July 8

Good morning, hope all is well. Our previous forecasts went in our direction for the most part, except for the hedged pairs all other pairs behaved close to what was thought possible. Finally it looks like markets have picked a direction and could be getting poised for some strong moves in time to come. Today we could have a slow day for both the US Dollar & Japanese Yen. I am going to take a strong outlook on US Dollar while Japanese Yen could weaken. I’m not adding any hedged pairs to offset the trading risk. Happy trading everyone!!


Forecasts Outlook

US Dollar : Strong


Today we're expecting the EURUSD to proceed Short below the barrier levels of 1.28562 and 1.28255.


Fundamental Watch

- Eurogroup Meetings

- Building Permits m/m

- ECB President Draghi Speaks

- ECB President Draghi Speaks

- NZIER Business Confidence

EURUSD
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

RELATED TOPICS