Pair Expectation, target value – maximum or minimum for the day


AUDUSD up, target: 0.7350


EURUSD up, target: 1.1100


USDCAD down, target: 1.3500


GBPUSD down, target: 1.3800


USDJPY down, target: 110.00


USDNOK down, target: 8.300


CPI for Euro-Zone is due for release this coming Thursday. Considering that inflationary wave is manifesting itself in the US economy, it is rather difficult to imagine that CPI data for Euro-Zone will remain subdued. Provided this will be the case, EUR might run on alleviated risks of another round of QE. Durable Goods orders in the US might come out on weak side leading to fall of stock indexes and flow into safe-heaven currencies.
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