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]For the second day yesterday the European single currency failed to outperform the Yen, as demand, represented by the weekly pivot point, was insufficient to cause a rebound.[/ANNOUNCE] Fortunately for the Euro the 20-day SMA managed to limit the losses on Tuesday, which is also providing relatively strong support today. Nevertheless, the given cross still has enough room for another leg down, with the main target being the 122.00 mark, which is also reinforced by the monthly PP and the weekly S1. However, technical indicators keep giving bullish signals in the daily timeframe, bolstering the possibility of the 20-day SMA triggering EUR-buying.
Traders' Sentiment
Now three quarters of traders hold short positions (previously 47%). The share of buy orders, however, inched up from 49 to 52%.
Wed, 04 Jan 2017 15:30:52 GMT
Source: Dukascopy Bank SA
- Global-info Co (based on FXStreet)
Pair's Outlook
[ANNOUNCE]For the second day yesterday the European single currency failed to outperform the Yen, as demand, represented by the weekly pivot point, was insufficient to cause a rebound.[/ANNOUNCE] Fortunately for the Euro the 20-day SMA managed to limit the losses on Tuesday, which is also providing relatively strong support today. Nevertheless, the given cross still has enough room for another leg down, with the main target being the 122.00 mark, which is also reinforced by the monthly PP and the weekly S1. However, technical indicators keep giving bullish signals in the daily timeframe, bolstering the possibility of the 20-day SMA triggering EUR-buying.
Traders' Sentiment
Now three quarters of traders hold short positions (previously 47%). The share of buy orders, however, inched up from 49 to 52%.