Note: This section contains information in English only."It is the threat of political tail risk and splintering of Europe that could push the euro to reach parity against the dollar for the first time since 2002."
– based on Bloomberg
Pair's Outlook
[ANNOUNCE]The common European currency remained flat on Wednesday morning against the Greenback.[/ANNOUNCE] The currency pair did not even fluctuated, as it stayed below the resistance put up by the second monthly support level at 1.0632. Previously, on Tuesday the rate remained flat by moving only a few pips lower by the end of the session. However, the pair did experience volatility in the range from 1.0582 and 1.0658. Although, in accordance with most technicals, the rate is set to fall by the end of the day.
Traders' Sentiment
SWFX traders remain bullish on the pair, as 56% of open positions were long on Wednesday. Meanwhile, trader set up orders remain as bearish as on Tuesday, as 62% of pending commands were to sell the Euro.
Wed, 23 Nov 2016 08:27:56 GMT
Source: Dukascopy Bank SA
– based on Bloomberg
Pair's Outlook
[ANNOUNCE]The common European currency remained flat on Wednesday morning against the Greenback.[/ANNOUNCE] The currency pair did not even fluctuated, as it stayed below the resistance put up by the second monthly support level at 1.0632. Previously, on Tuesday the rate remained flat by moving only a few pips lower by the end of the session. However, the pair did experience volatility in the range from 1.0582 and 1.0658. Although, in accordance with most technicals, the rate is set to fall by the end of the day.
Traders' Sentiment
SWFX traders remain bullish on the pair, as 56% of open positions were long on Wednesday. Meanwhile, trader set up orders remain as bearish as on Tuesday, as 62% of pending commands were to sell the Euro.