© Dukascopy Bank SA
- based on Daily FX
Pair's Outlook
The US Dollar, recouped some of its previous losses on Friday, as the currency exchange rate started day's trading session at 1.2894 and ended Friday's session at 1.2975. However, as it happens often, the pair started Monday's session at a completely different level, which was at 1.2954. During the first half of Monday's trading the currency exchange rate was volatile between the levels of 1.2930 and 1.2968. However, the pair had not moved from the opening price almost at all, as it was at 1.2959 by 11:30 GMT.
Traders' Sentiment
SWFX traders remain majorly bullish on the pair, as 71% of open positions are long. In addition, pending orders in the 100-pip range are 70% long.
© Dukascopy Bank SA