Note: This section contains information in English only."It's a really thin market today, and suddenly offers disappeared and short-term players pushed the euro higher and took out stops. That's all."
- Global-info Co (based on FXStreet)
Pair's Outlook
[ANNOUNCE]Once again the EUR/JPY cross behaved in accordance with expectations, having fallen back under 123.00 yesterday.[/ANNOUNCE] However, the pair managed to remain on top of the immediate support level, namely the weekly PP, which could still cause a rally today. Technical studies are bolstering this possibility, as they keep giving bullish signals. In case bulls do prevail, the 123.50 psychological resistance is expected to limit the gains, representing the upper boundary of the pair's current consolidation trend. On the other hand, the Euro risks falling deeper down, as a retest of the lower boundary is anticipated eventually, which at the moment remains out of reach.
Traders' Sentiment
Traders' sentiment remains unchanged, with bulls taking up 53% of the market. Meanwhile, the share of sell orders inched up from 50 to 51%.
Tue, 03 Jan 2017 15:53:01 GMT
Source: Dukascopy Bank SA
- Global-info Co (based on FXStreet)
Pair's Outlook
[ANNOUNCE]Once again the EUR/JPY cross behaved in accordance with expectations, having fallen back under 123.00 yesterday.[/ANNOUNCE] However, the pair managed to remain on top of the immediate support level, namely the weekly PP, which could still cause a rally today. Technical studies are bolstering this possibility, as they keep giving bullish signals. In case bulls do prevail, the 123.50 psychological resistance is expected to limit the gains, representing the upper boundary of the pair's current consolidation trend. On the other hand, the Euro risks falling deeper down, as a retest of the lower boundary is anticipated eventually, which at the moment remains out of reach.
Traders' Sentiment
Traders' sentiment remains unchanged, with bulls taking up 53% of the market. Meanwhile, the share of sell orders inched up from 50 to 51%.