© Dukascopy Bank SA
- Citigroup (based on Bloomberg)
Pair's Outlook
After an attempt to breach the weekly PP level at 0.8247, today the price reverses and breaches the 200-day SMA at 0.8237. If this movement turns to be sustainable and the price remains beneath the 200-day SMA, the next support level would be the Bollinger band positioned at 0.8162. However, this settlement would mean a full trend's reverse, as the price would be beneath all the SMAs and PP levels.
Traders' Sentiment
Sentiments are slightly changed, as today SWFX market provides a 25% market share of bulls and 75% of bears. Placed orders market has 69% of sell orders and 31% of buy.
© Dukascopy Bank SA