Dukascopy - Analytics


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    EUR/USD is unchanged around 1.1330

    © Dukascopy Bank SA
    "The problem is that there is no way that I can conceive of the euro continuing, unless and until all of the members of the eurozone become politically integrated — actually, even just fiscally integrated won't do it."
    - Alan Greenspan, former Fed Chairman (based on MarketWatch)

    Pair's Outlook
    On Monday, EUR/USD registered only marginal changes during the trading session. Such a calm development of the currency pair followed four straight days of major movements last week. The round level at 1.13 managed to support pair's bulls, but it did not provide enough positive momentum for a notable jump. As a result, the Euro added just 25 pips and closed at 1.1325. Still, according to daily technical studies, the outlook seems to remain bearish. 

    Traders' Sentiment
    Bullish opened positions continue to hover just below 50%, with as many as 48% of them registered in the morning on Tuesday. At the same time, SWFX commands to acquire the Euro in 100-pip range from the spot dropped to 37%.  

    © Dukascopy Bank SA

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