Note: This section contains information in English only."JPY has tended to appreciate after BOJ meetings so far this year, but its reactions are likely to be more muted after a BOJ decision to leave its policy unchanged."
– Nomura (based on FXStreet)
Pair's Outlook
[ANNOUNCE]The Euro experienced a rather sharp decline on Tuesday, but with the 114.00 major level managing to contain downside volatility and the second support area causing trade to close at 114.44.[/ANNOUNCE] Demand, represented by this support cluster, should be sufficient for the European currency to rebound today or at least remain elevated above 114.30. Moreover, technical studies are also giving bullish signals, suggesting the given cross is to end the day in the green zone. In this case the nearest resistance will be the weekly PP at 115.07, but a surge that high is unlikely to occur.
Traders' Sentiment
There are 59% of traders with a positive outlook towards the Euro today, compared to 61% yesterday. Meanwhile, 43 of all pending orders are to purchase the single currency, down from 59% on Tuesday.
Wed, 12 Oct 2016 14:15:13 GMT
Source: Dukascopy Bank SA
– Nomura (based on FXStreet)
Pair's Outlook
[ANNOUNCE]The Euro experienced a rather sharp decline on Tuesday, but with the 114.00 major level managing to contain downside volatility and the second support area causing trade to close at 114.44.[/ANNOUNCE] Demand, represented by this support cluster, should be sufficient for the European currency to rebound today or at least remain elevated above 114.30. Moreover, technical studies are also giving bullish signals, suggesting the given cross is to end the day in the green zone. In this case the nearest resistance will be the weekly PP at 115.07, but a surge that high is unlikely to occur.
Traders' Sentiment
There are 59% of traders with a positive outlook towards the Euro today, compared to 61% yesterday. Meanwhile, 43 of all pending orders are to purchase the single currency, down from 59% on Tuesday.