Note: This section contains information in English only."For the past week, EUR/USD was a big beneficiary of anti-U.K. flows but on Tuesday we finally saw the currency buckle under the weight of U.S dollar strength and risk aversion."
- BK Asset Management (based on investing.com)
Pair's Outlook
[ANNOUNCE]The European stopped the past three session fluctuation around 1.11 level and dropped to 1.1073 on Tuesday against the US Dollar.[/ANNOUNCE] As the drop happened, the pair went past the support cluster made up of the 200-day SMA and weekly PP at 1.1093 and 1.1092 respectively. At the moment, the currency exchange rate is trading at 1.1055 by 5:15 GMT, and it is moving towards the weekly S1 at 1.1015. If the pair drops through the next support level, it will go down to the next support cluster of 1.0893/69, where the weekly S2 and monthly S1 are located.
Traders' Sentiment
SWFX traders have shifted their sentiment and become bullish on the pair, as 52% of open positions are long on Wednesday morning. In the meantime, pending orders in the 100-pip range are 64% short.
Wed, 06 Jul 2016 07:12:10 GMT
Source: Dukascopy Bank SA
- BK Asset Management (based on investing.com)
Pair's Outlook
[ANNOUNCE]The European stopped the past three session fluctuation around 1.11 level and dropped to 1.1073 on Tuesday against the US Dollar.[/ANNOUNCE] As the drop happened, the pair went past the support cluster made up of the 200-day SMA and weekly PP at 1.1093 and 1.1092 respectively. At the moment, the currency exchange rate is trading at 1.1055 by 5:15 GMT, and it is moving towards the weekly S1 at 1.1015. If the pair drops through the next support level, it will go down to the next support cluster of 1.0893/69, where the weekly S2 and monthly S1 are located.
Traders' Sentiment
SWFX traders have shifted their sentiment and become bullish on the pair, as 52% of open positions are long on Wednesday morning. In the meantime, pending orders in the 100-pip range are 64% short.