Trading Outlook – EUR/USD

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Originally Updated: 06:45am

Currency Pair: EUR/USD

Sentiment: Bearish

Market focus:

In today’s trade set up we will be focussing on short term selling opportunities on the EUR/USD.


Our focus today is on the EUR/USD with the U.S. employment numbers due out at 13:30 today.

Flows have been moving into the Dollar of late with investors expecting the Fed to raise interest rates next year after signs of an improving economy. The euro fell to new lows yesterday after ECB President Mario Draghi said he would increase assets back towards March 2012 levels, essentially seeing another 1 trillion euros being injected into the system to help the sinking euro economy.

For many the big question will be is this enough? I find it only a matter of time before they are forced to start QE to bring life to a flagging eurozone.


We have a nice confluence zone at 1.2470-1.2475. This should offer short term resistance for any pullback.

Stop loss could be placed at 1.2530

Take profit target: 1.2400

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Jarratt Davis is the world’s ranked #2 (2008-2013) Forex Trader by Barclays FX Hedge Index, following years of mastering his art as a self employed trader Jarratt has now entered the field of education and delivers the most robust Forex education package on the market. Jarratt’s mentorship is one of the only programs on the market that is conducted by a verified professional trader. Forex Alchemy readers can get the FREE mini course where Jarratt gives away some of his secrets to success by Clicking Here... [space height="20"] [social type="facebook"][/social] [social type="twitter"][/social] [social type="google-plus"][/social] [social type="youtube"][/social]

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