Dukascopy - Analytics

    Dukascopy

    464.50 6.25/10
    83% of positive reviews
    Real

    EUR/USD falls to 1.1242 on Tuesday

    © Dukascopy Bank SA
    "Caution is the watchword this morning, as investors' attention remains focused on the situation in Europe. The most recent polling shows a tightening in the referendum vote in the United Kingdom."
    - The National Bank of Canada (based on Investing.com) 


    Pair's Outlook 
    The European currency started the week higher at 1.1329 against the US Dollar, as the Greenbacks lost value. However, for the past two days, the pair declined, and at the end of Tuesday's session it was at 1.1242, which is right above the weekly pivot point and 100-day SMA at 1.1236. On Wednesday morning, the currency exchange rate rebounded against the support provided by the before mentioned levels, and, at the moment, the rate is at 1.1265. In the meantime, aggregate technical indicators predict no change for the pair today. 

    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 51% short.
    © 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