Dukascopy - Analytics

    Dukascopy

    464.50 6.25/10
    83% of positive reviews
    Real

    EUR/USD continues to fluctuate around 1.125

    © Dukascopy Bank SA
    "As widely expected, the Federal Reserve opted for the sidelines and held the benchmark rate at 0.25%, where it has been pegged since December 2015." 
    - Market Pulse (based on Investing.com) 


    Pair's Outlook 
    The European currency appreciated against the US Dollar on Thursday. With it, the pair continued this week's constant fluctuation around the 1.125 level between the monthly pivot point at 1.1282 and the first weekly support at 1.1192. Both sides were supported by additional supports and resistances. The monthly pivot point lead upside is also enforced by the weekly pivot point and 55-day SMA at 1.1304, and the support received reinforcement from the 100-day SMA at 1.1227. In the meantime, aggregate technical indicators predict an appreciation for the pair. 

    Traders' Sentiment 
    SWFX traders are bearish on the currency pair, as 52% of open positions are short. In the meantime, pending orders in the 100-pip range are 54% long.
    © Dukascopy Bank SA

    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree