Note: This section contains information in English only."The euro strengthened 0.6% to $1.1354, climbing for a fifth day. The gains came even as meeting minutes showed the ECB "widely" agreed that their immediate reaction to the outcome of the U.K.'s referendum shouldn't fuel excessive speculation about more stimulus."
– based on Bloomberg
Pair's Outlook
[ANNOUNCE]The common European currency ended Thursday's trading session at the second monthly resistance at 1.1353 against the US Dollar, which marked the fifth consecutive session of gains for the Euro.[/ANNOUNCE] However, on early Friday morning, the currency exchange rate has changed its direction, as the resistance proved that it has enough strength to change the pair's direction. Due to that, the currency rate bounced off the monthly R2 and traded at 1.1335 by 5:15 GMT on Friday, and it is most likely to fall to the weekly R2 at 1.1302, where the rate might find some support.
Traders' Sentiment
SWFX traders remain bearish on the pair, as 62% of open positions are short on Friday morning. In the meantime, pending commands remained unchanged, as 56% of pending orders are to sell.
Fri, 19 Aug 2016 06:33:02 GMT
Source: Dukascopy Bank SA
Pair's Outlook
[ANNOUNCE]The common European currency ended Thursday's trading session at the second monthly resistance at 1.1353 against the US Dollar, which marked the fifth consecutive session of gains for the Euro.[/ANNOUNCE] However, on early Friday morning, the currency exchange rate has changed its direction, as the resistance proved that it has enough strength to change the pair's direction. Due to that, the currency rate bounced off the monthly R2 and traded at 1.1335 by 5:15 GMT on Friday, and it is most likely to fall to the weekly R2 at 1.1302, where the rate might find some support.
Traders' Sentiment
SWFX traders remain bearish on the pair, as 62% of open positions are short on Friday morning. In the meantime, pending commands remained unchanged, as 56% of pending orders are to sell.