© Dukascopy Bank SA
– based on Daily FX
Pair's Outlook
The common European currency surged on Thursday to 1.1076 by the end of day's trading session. In addition, it was more volatile during the session to the upside, as the pair touched the 1.1120 level. On Friday, the pair started day's trading session at 1.1075, and it continued to surge in accordance with the newly formed northwards aimed patter. In addition, the currency exchange rate faces no resistance levels up to the weekly R2 at 1.1134.
Traders' Sentiment
SWFX traders have increased their bearish sentiment, as 56% of open positions are short on Friday. In the meantime, pending orders in the 100-pip range are 53% short.
© Dukascopy Bank SA