Good morning. Hope all is well! We seem to have had a 86% accuracy on our forecast for yesterday. Markets reacted to our blue zones as expected, but however later in the day a change of sentiment happened where markets crashed through our zones to the opposite side. This was due to the US Dollar weakening initially as expected and then strengthening towards the end of the day. All in all a good forecast as the initial burst out of the the supply/demand zones were correct. EURJPY was the only odd pair out where the Japanese Yen had continued to strengthen instead of weakening. For today Euro, British Pound and Canadian Dollar pairs are on our watch list on account of the fundamental watch. Thought the day US Dollar could be bearish while Japanese Yen is proving a bit hard to read. Adding two hedged pair to offset the risk. Happy Trading!
Forecasts Outlook
US Dollar: Weak
Today we're expecting the EURUSD to proceed Long above the barrier levels of 1.13419 and 1.13822.
Fundamental Watch
– French Flash Manufacturing PMI
– German Flash Manufacturing PMI
– Retail Sales m/m
– Core CPI m/m
– Core Retail Sales m/m
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