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EUR/USD expects heavier momentum triggers

Note: This section contains information in English only.
Source: Dukascopy Bank SA
"The U.S. dollar is coming back and that's where it will be for the second half of the second quarter and into the third quarter."
- Brown Brothers Harriman (based on Bloomberg)

Pair's Outlook
[ANNOUNCE]Yesterday EUR/USD regained only a tiny percentage of Friday's losses, as data-free trading session ended with no distinctive leadership of either bulls or bears.[/ANNOUNCE] As for the first daily resistance line, we are still looking at the weekly pivot point placed at 1.1346, followed by the 20-day SMA 14 pips higher. The bearish challenge is circled around the monthly S1 along with the 55-day SMA that are guarding the ten-pip zone at 1.1288/78. If it is breached today, then the pair will try to lunge at the first weekly demand at 1.1246. However, daily technical indicators have resumed pointing to the upside today.  

Traders' Sentiment
57% of SWFX traders continue expecting that the Euro will depreciate against the Dollar. Moreover, only 36% of pending orders a 100-pip range from the spot see EUR/USD higher.

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Actual Topics

17 May 2016

GBP/USD attempts to retake 1.45

"Daily and weekly price signals are negative but momentum appears weak. Look for range-trading, with a downside bias."- Scotiabank (based on FXStreet)Pair's Outlook[ANNOUNCE]Demand, represented by the 100-day SMA, was sufficient yesterday to trigger a rebound, but with the 1.44 major level barely retaken. [/ANNOUNCE]The GBP/USD pair remains driven by concerns of the upcoming EU referendum, and increasing support of ‘Bremain'

16 May 2016

NZD/USD sets eye on 0.68

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16 May 2016

USD/CAD stuck between 1.29 and 1.2962

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