© Dukascopy Bank SA
- Royal Bank of Scotland Group Plc (based on Bloomberg)
Pair's Outlook
EUR/USD currency pair has jumped considerably during the trading session on Thursday, just after Mario Draghi's comments on the QE. The Euro surged above the weekly PP and reached the daily high at 1.2455. However, towards the end of the day it consolidated above the weekly S1 around 1.2380. Today, we predict the pair to hover around this level and wait for the next strong impetus.
Traders' Sentiment
Advantage of bulls over bears was almost erased during past 24 hours. At the moment long positions account only for 51% of all, a decline of five percentage points from yesterday. Meanwhile, pending orders in both ranges from the spot remain strongly bearish. , in turn, deteriorated further to 29%.
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