- GF Futures Co. (based on Reuters)
Pair's Outlook
EUR/USD was pushed down from the 20-day SMA at 1.2932 during yesterday's New York trading session and reached the weekly S1 at 1.2837. Today the International Monetary Fund announced cutting China's economic growth forecast, what will possibly be factored in through depreciation of risky assets. The pair remains in the lower part of the Bollinger band and is very likely to check the strength of the corridor's boundary at 1.2765.
Traders' Sentiment
SWFX marketplace is neutral considering opened positions in the EUR/USD pair, as both sides have equal shares. Pending orders segment is slightly bearish with a 56% share of orders ready to sell the single European currency.
© Dukascopy Bank SA
© Dukascopy Bank SA