EUR/USD volatile between weekly pivots

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The unemployment figures remain horrendously high. It is up to member states to get their act together and implement reforms to give people the opportunity to get a decent job." 
- EU Commission (based on Bloomberg)

Pair's Outlook
Pair had a rather volatile session yesterday. It traded in 140 pip range (between weekly R1 and S1), but closed only 30 pips above the opening price. This suggests that neither bulls or bears have upper hand in the market and todays development (supported by weekly PP) suggests it faces significant downside risk. In any case, pair seems to be more likely to remain in the area it has been trading in the past 5 days.

Traders' Sentiment
Seems that situation in the market is stabilizing as 63% of market participants remain bearish on the pair and share of pending long orders decreased by a mare 1% and is at 53% gauge.

© Dukascopy Bank SA

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
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.