Good morning. Hope everyone had a great week end! A good start to the week as our last forecast was a good one with 5 out of the 7 pairs conforming to our prediction. Over the weekend the US Dollar has strengthened by a few points while Japanese Yen let off some steam. Currencies to keep an eye out for today would be Euro and US Dollar due to our fundamental watch. Today we could be looking at a weak US Dollar while Japanese Yen may gather some steam. Adding one hedged pair to offset the trading risk. Happy Trading!
Forecasts Outlook
US Dollar: Weak
Today we're expecting the EURUSD to proceed Short below the barrier levels of 1.32343 and 1.32647.
Fundamental Watch
- German Ifo Business Climate
- New Home Sales
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