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- Enrique Diaz-Alvarez, Ebury (based on Bloomberg)
Pair's Outlook
The common European currency traded squeezed in between the January low level of 1.0709 from the upside and the weekly S1 at 1.0681 against the US Dollar on Thursday morning. Previously, on Wednesday morning the currency exchange rate marked its eight consecutive session of losses, as the Trump Jump of the US Dollar does not seem to actually stop. Some analysts are even putting parity of the exchange rate back on the discussion table. However, today's outlook seems kind of grim for traders, as the pair is most likely to remain squeezed in between the two levels.
Traders' Sentiment
SWFX traders remain bullish on the pair, as 57% of trader open positions were long on Thursday. Meanwhile, 62% of trader set up orders were to sell the pair.
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