Note: This section contains information in English only."EUR/JPY remains under pressure and is now trying to erode the bottom of its range at 120.93."
- Commerzbank (based on FXStreet)
Pair's Outlook
[ANNOUNCE]The European single currency surprised with its performance on Thursday, as it managed to climb over the immediate resistance cluster, with trade closing at 122.48.[/ANNOUNCE] The Euro now has the potential to retake the 123.00 major level, as there are no resistances on the pair's path, with the closest one being only around 123.50, namely the weekly R1, the Bollinger band and a trend-line, which kept the pair at bay for seven weeks now. However, technical studies remain mixed, thus, relatively flat trade is not out of the question. A decline today seems far-fetched, as the given cross is supported by a relatively strong demand area around 122.20.
Traders' Sentiment
There are now 56% of traders with a positive outlook towards the Euro (previously 54%). The share of sell orders inched up from 57 to 58%.
Fri, 20 Jan 2017 16:35:19 GMT
Source: Dukascopy Bank SA
- Commerzbank (based on FXStreet)
Pair's Outlook
[ANNOUNCE]The European single currency surprised with its performance on Thursday, as it managed to climb over the immediate resistance cluster, with trade closing at 122.48.[/ANNOUNCE] The Euro now has the potential to retake the 123.00 major level, as there are no resistances on the pair's path, with the closest one being only around 123.50, namely the weekly R1, the Bollinger band and a trend-line, which kept the pair at bay for seven weeks now. However, technical studies remain mixed, thus, relatively flat trade is not out of the question. A decline today seems far-fetched, as the given cross is supported by a relatively strong demand area around 122.20.
Traders' Sentiment
There are now 56% of traders with a positive outlook towards the Euro (previously 54%). The share of sell orders inched up from 57 to 58%.