- Euro forecast to trade higher versus the US Dollar and Japanese Yen
- Yet the Dollar remains in Control versus the Sterling, AUD, and NZD
- See full analysis below in individual currency sections
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View individual currency sections:
EURUSD - Euro Looks Likely to Test $1.26 versus the US Dollar
GBPUSD - British Pound Forecast to Continue Declines versus USD
USDJPY - Yen is Clearly Oversold, but we expect further Weakness
AUDUSD - Australian Dollar Targets Fresh Lows
NZDUSD - New Zealand Dollar remains at Risk of Depreciation
GBPJPY - Sterling Poised for Gains versus Downtrodden Japanese Yen
Weekly Summary of Forex Trader Sentiment and Changes in Positioning
The US Dollar is at risk of further weakness versus the Euro, but until we see a sustained shift we predict the USDJPY will trade higher as the Yen tumbles.
See specific US Dollar forecasts in the sections above, and sign up for future e-mail updates via this author’s e-mail distribution list.
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--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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