EUR/USD surges to 1.1378 on Monday

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The two ways that this could potentially become systemic is that if the U.K. goes and if the U.K., Scotland will have a new referendum, maybe France or Finland or some other country in the euro will have a referendum. It could possibly lead to the end of the euro." 
- Fidelity Investments (based on CNBC)

Pair's Outlook 
The European currency scored gains against the US Dollar on Friday, as it moved from the level of 1.1232 to 1.1273 at the end of day's trading session. However, a much bigger surprise is the Monday's morning, as after the weekend, the currency pair has started the day's trading with an increase in value to 1.1329. In addition, since the start of the session, the currency exchange rate has gained even more and at the moment is at 1.1376. The Euro now face a new weekly R2 at 1.1408 against the US Dollar on Monday.

Traders' Sentiment
SWFX traders are still bearish regarding the EUR/USD pair, as 53% of open positions are short. However, pending orders in the 100-pip range are 62% bullish.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 20 Jun 2016 06:38:42 GMT

Gold struggles around 1,280 level on Monday

After suffering losses on Thursday, the yellow metal regained losses and it even gained additional value on Friday, as gold reached the 1,297.48 level at the end of day's trading session.

Fri, 17 Jun 2016 14:23:08 GMT

USD/CAD stops the surge on Friday

The US Dollar had been appreciating against most currencies for the past week, as oil prices fell, and the Canadian dollar was no exemption from this phenomenon, as the pair surged for six consecutive trading sessions.

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.