© Dukascopy Bank SA
- TD Securities (based on Bloomberg)
Pair's Outlook
On Wednesday, the EUR/USD experienced notable changes during the trading session, especially following hawkish news from the Fed on future interest rates. The currency pair momentarily dropped down to the monthly S1 at 1.2339, while on Thursday's morning a decline continued and the Euro is already trading below 1.23 versus the Greenback. Even though technicals are neutral on a daily chart, we expect the pair to reach 2014 low at 1.2246 quite soon.
Traders' Sentiment
The gap between long and short positions returned back to the level seen on Monday, as at the moment there are 46% of long and 54% of short positions, while 67% of pending orders in 100-pip range are now set to acquire the Euro versus the Buck.
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