© Dukascopy Bank SA
– based on Daily FX
Pair's Outlook
The common European currency reached new post-Brexit lows against the US Dollar on Friday. The currency exchange rate started day's trading at 1.1025 and Friday's trading session at 1.0974. On Monday morning the currency pair started day's trading session slightly lower at 1.0972, and it traded at 1.0976 by 5:00 GMT. However, during the first hours of the new week of trading, the pair was more volatile to the downside, as it had touched the 1.0951 level. If the EUR/USD pair does fall during the session, it is set to meet with the newly formed first weekly support at 1.0926.
Traders' Sentiment
SWFX market sentiment is bullish on Monday, as 52% of open positions are long. In the meantime, pending orders in the 100-pip range are 65% short.
© Dukascopy Bank SA