EUR/USD below 1.1150 on Thursday

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"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 
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. 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.
© Dukascopy Bank SA

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