EUR/USD To Proceed Long Above 1.11411 And 1.11718

Good morning. Hope all is well! We seem to have had a bit of a turmoil on our forecast for yesterday with only a 29% accuracy. We did take a mixed stance on the US dollar, hence the unpredictability. Both US dollar and Japanese yen had weakened across the board. Today we could be in a for a volatile day, with many fundamental news items coming out that may affect most major trading currencies. Could see the weakening of both US dollar and Japanese yen continuing through today. Adding two hedged pairs to offset the risk. Happy Trading!Forecasts OutlookUS Dollar: WeakToday we’re expecting the EUR/USD to proceed Long above the barrier levels of 1.11411 and 1.11718.Fundamental Watch– GDP– Services PMI– Minimum Bid Rate– ADP Non-Farm Employment Change– Trade Balance– ECB Press ConferenceISM Non-Manufacturing PMI– Retail Sales

EUR/USD Chart

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