Note: This section contains information in English only."The Dollar took note of technical support for key pairs like EUR/USD and leveraged a rebound."
– John Kicklighter (based on Daily FX)
Pair's Outlook
[ANNOUNCE]The common European currency depreciated against the US Dollar on Wednesday, as it stopped its previous surge and dropped to 1.1149 by the end of day's trading session.[/ANNOUNCE] On Thursday morning, the currency exchange rate tried to move northwards. However, the pair was stopped by the 55-day SMA at 1.1156, and, afterwards, it moved slightly lower, as the exchange rate was located at 1.1145 by 5:00 GMT. The direction of the pair is unclear, as daily aggregate technical indicators forecast, that the pair will surge.
Traders' Sentiment
SWFX traders have slightly decreased their bearish sentiment, as 55% of open positions are short on Thursday, compared to 61% previously. In the meantime, pending commands have not changed, as they remain 56% short.
Thu, 04 Aug 2016 08:43:39 GMT
Source: Dukascopy Bank SA
– John Kicklighter (based on Daily FX)
Pair's Outlook
[ANNOUNCE]The common European currency depreciated against the US Dollar on Wednesday, as it stopped its previous surge and dropped to 1.1149 by the end of day's trading session.[/ANNOUNCE] On Thursday morning, the currency exchange rate tried to move northwards. However, the pair was stopped by the 55-day SMA at 1.1156, and, afterwards, it moved slightly lower, as the exchange rate was located at 1.1145 by 5:00 GMT. The direction of the pair is unclear, as daily aggregate technical indicators forecast, that the pair will surge.
Traders' Sentiment
SWFX traders have slightly decreased their bearish sentiment, as 55% of open positions are short on Thursday, compared to 61% previously. In the meantime, pending commands have not changed, as they remain 56% short.