Market Research: EUR

Source: Dukascopy Bank SA
Amid a lack of fundamental data from Europe, and a bunch of important economic data releases from Australia, Japan and New Zealand it was not a surprise that the single currency managed to change only by 0.1%. Moreover, despite a fluctuation in a 135-pip range, the most traded currency pair was almost unchanged over the observed period. With almost 70% of opened position being short on EUR/USD and with the single currency being sold in 64% of the time, it was not a surprise that the Euro index remained around the base value in the first half of the week and moved lower closer to Friday. The U.S. Dollar index lost only 0.27% even despite positive retail sales and jobless claims on Thursday.

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