Note: This section contains information in English only."The euro-area economy showed little sign of impact from the U.K.'s decision to leave the European Union with a second month of gains in the Purchasing Managers Index to 53.3 in August."
– based on Bloomberg
Pair's Outlook
[ANNOUNCE]On Thursday morning the currency exchange rate found support in the monthly R1 at 1.1263 and slightly rebounded.[/ANNOUNCE] However it faces the weekly PP at 1.2806 from the upside, which might mean flat trading during today's session. However, afterwards it is most likely going to surge, as the SMAs approach from the south. Previously the common European currency depreciated against the US Dollar on Wednesday to such an extent that it fully discarded the previous pattern.
Traders' Sentiment
SWFX traders have slightly decreased the bearish sentiment, as 61% of open positions are short on Thursday, compared to 63% the previous session. In the meantime, pending commands are 55% short.
Thu, 25 Aug 2016 05:44:34 GMT
Source: Dukascopy Bank SA
– based on Bloomberg
Pair's Outlook
[ANNOUNCE]On Thursday morning the currency exchange rate found support in the monthly R1 at 1.1263 and slightly rebounded.[/ANNOUNCE] However it faces the weekly PP at 1.2806 from the upside, which might mean flat trading during today's session. However, afterwards it is most likely going to surge, as the SMAs approach from the south. Previously the common European currency depreciated against the US Dollar on Wednesday to such an extent that it fully discarded the previous pattern.
Traders' Sentiment
SWFX traders have slightly decreased the bearish sentiment, as 61% of open positions are short on Thursday, compared to 63% the previous session. In the meantime, pending commands are 55% short.