Note: This section contains information in English only."Pair might need to see a clear break above resistance at 1.1200 for further upside conviction."
– based on Daily FX
Pair's Outlook
[ANNOUNCE]The common European currency slightly depreciated against the US Dollar, as the currency exchange rate moved fell from 1.1173 at the start of day's trading to end trading at 1.1160. [/ANNOUNCE]On Tuesday morning the pair has regained those losses and even surged above the previous open, as the rate was at 1.1178 by 5:00 GMT. The Euro faces no resistance in its surge against the Greenback until the level of 1.1236, where the 100-day SMA is located. However, the upper Bollinger band at 1.1206 might hinder the pairs gaining momentum.
Traders' Sentiment
SWFX traders have increased their bearish sentiment on Tuesday, as 64% of open positions are short on Tuesday. In the meantime, pending orders for the pair are 47% long.
Tue, 02 Aug 2016 08:07:19 GMT
Source: Dukascopy Bank SA
– based on Daily FX
Pair's Outlook
[ANNOUNCE]The common European currency slightly depreciated against the US Dollar, as the currency exchange rate moved fell from 1.1173 at the start of day's trading to end trading at 1.1160. [/ANNOUNCE]On Tuesday morning the pair has regained those losses and even surged above the previous open, as the rate was at 1.1178 by 5:00 GMT. The Euro faces no resistance in its surge against the Greenback until the level of 1.1236, where the 100-day SMA is located. However, the upper Bollinger band at 1.1206 might hinder the pairs gaining momentum.
Traders' Sentiment
SWFX traders have increased their bearish sentiment on Tuesday, as 64% of open positions are short on Tuesday. In the meantime, pending orders for the pair are 47% long.