EUR/USD gravitates towards weekly PP

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Although we think it will prove a very interesting summer for the FX markets, the action is likely to be away from euro-dollar or yen-dollar. We suspect that sterling and the Canadian dollar could see some interesting moves against a range of currencies."
- Bank of New York Mellon (based on Reuters)


Pair's Outlook

Although there are no strong resistance levels until 1.37, which has all the chances to be the pair's next objective, EUR/USD stays glued to the weekly PP and 20-day SMA at 1.3588/82 instead. Nevertheless, whether the Euro recovers in the near term or not, the long-term perspective is considered to be bearish for the currency. However, there is still a tough support area at 1.3481/52 that is preventing emergence of a sell-off.

Traders' Sentiment

The sentiment towards EUR/USD stays completely unchanged for a third day in a row—46% of positions are long and 54% are short. As for the pending orders, 39% of them are to purchase and 61% are to sell the common currency against the buck.
© Dukascopy Bank SA

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
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.