EUR/USD strengthens towards weekly PP

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"A lackluster report will damp expectations for an early rate hike and the dollar-selling trend will continue."
- IG Markets Securities Ltd. (based on Bloomberg)

Pair's Outlook
On Thursday, the Euro continued gaining ground for a second day. EUR/USD rose significantly, by crossing the major resistance at 1.0811 (monthly PP). However, bullish momentum was exhausted around the weekly PP at 1.0902, which stopped the Euro from rising further. As a result, the cross closed just below 1.09 by the end of trading session. Being that the weekly PP is also reinforced by the medium-term down-trend around 1.0950, on Friday the pair may bounce back, if supported by optimistic US jobs' report. 

Traders' Sentiment
Bullish opened positions at the SWFX market are accounting for 47% this morning, an increase of one percentage point during past 24 hours of trading. 

© Dukascopy Bank SA
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Actual Topics

Fri, 03 Apr 2015 07:34:54 GMT

GBP/USD stays in a tight range

Thin liquidity because of holidays and NFP report expectations keep volatility greatly decreased.

Thu, 02 Apr 2015 15:23:07 GMT

NZD/USD turns around at 0.7450

The pair is currently recovering, as the market sees broad-based weakness of the Buck.

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