© Dukascopy Bank SA
- based on Daily FX
Pair's Outlook
The common European currency fell to 1.1126 on Thursday against the Greenback, and the pair almost touched the monthly pivot point at 1.1107. On early Friday morning the currency exchange rate has slightly surged and gained ten pips by 5:00 GMT, and it faces the 55-day SMA at 1.1154, if it continuous to surge during Friday's trading session. The daily aggregate technical indicators forecast a surge for the pair during today's trading session.
Traders' Sentiment
SWFX traders continue to be bearish on the pair, as 56% of open positions are short on Friday. However, pending commands have slightly shifted to the bullish side, as they were 53% short at the start of Friday's session.
© Dukascopy Bank SA