EUR/USD fails to overcome weekly PP

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The market consensus is becoming less and less bullish on further ECB action. The other thing is the Fed. Expectations have scaled up a little bit in terms of the number of potential rate hikes for 2016."
- SEB AB (based on Bloomberg)

Pair's Outlook

EUR/USD attempted to push itself below the weekly pivot point and monthly R1 around 1.09 on Wednesday. However, the bulls were strong enough in order to avoid a decline under this psychological level. Thursday is expected to be spent in a light trading around the 55-day SMA, currently at 1.0922, even though the market will be fully open throughout the whole day. Trading volumes continued to drop yesterday and reached the lowest level since November 26.  

Traders' Sentiment

The short traders are holding the majority (56%) of all trades, no swing in favour of the either side since yesterday. As for the commands, 51% and 54% of them are set to sell the Euro versus the Greenback in 50 and 100-pip ranges from the current market price, correspondingly.  

© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 24 Dec 2015 08:12:51 GMT

GBP/USD takes a shot at climbing over the down-trend

Although the GBP/USD currency pair appreciated on Wednesday, the immediate resistance in face of the monthly S1 somewhat managed to prevent the price from returning inside the pattern's borders.

Wed, 23 Dec 2015 14:41:32 GMT

NZD/USD retreats from eight-week high

The NZ Dollar appreciated for the third consecutive day yesterday, completely erasing last week's gains, but failing to stabilise above the weekly R1.

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request)
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.