© Dukascopy Bank SA
– based on Daily FX
Pair's Outlook
The Euro was volatile between the levels of 1.1060 and 1.0980 during Thursday's session against the US Dollar. Most of the volatility was cause by the ECB rate decision and the afterwards press conference. However, it did not change the fact that by the end of the day's trading session the currency exchange rate had moved from 1.1013 to 1.1025, which was a small surge. The surge occurred due to the pair rebounding against the lower Bollinger band in the morning of Thursday. The rate continues to slowly increase on Friday morning, as it had reached 1.1030 level by 5:00 GMT.
Traders' Sentiment
SWFX trader sentiment has not changed on Friday, as 51% of open positions remain long. In the meantime, pending orders in the 100-pip range are still short, as 57% of pending commands are short.
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