© Dukascopy Bank SA
– based on Forex Crunch
Pair's Outlook
The common European currency remained almost unchanged against the US Dollar on Wednesday, as during the day's trading session the pair moved slightly lower. The currency exchange rate started day's trading at 1.1019 and ended the day at 1.1013. However, on Thursday morning the pair had already moved to 1.1034 by 4:45 GMT, as it was pressured by the lower Bollinger band at 1.1013, which had moved northward due to yesterday's low volatility. In the meantime, daily aggregate technical indicator continue to forecast a fall for the pair today.
Traders' Sentiment
SWFX traders have come out of the neutral zone, as 51% of open positions on Thursday are long. In the meantime, pending orders in the 100-pip range remain short, as 62% of pending commands were short.
© Dukascopy Bank SA