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


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