EUR/USD faces monthly R1

FX:EURUSD   Euro / U.S. Dollar
52 0 0
"The ECB is saying ‘we're not putting a limit on QE , we're not stopping until we achieve our objective.' If they don't do anything, the balance sheet still expands."
- Standard & Poor's (based on Bloomberg)

Pair's Outlook
The immediate resistance is at 1.14, represented by the upper Bollinger band and monthly R1. The base scenario is EUR/USD             bouncing off this level, but we should not rule out a possibility of a rally to the September high, especially considering that the weekly technical indicators continue to give more ‘buy' signals than ‘sell' ones. Meanwhile, most of the monthly studies are bearish , meaning in the long run we are likely to see a re-test of the major rising support line, which currently is at 1.11 dollars.

Traders' Sentiment
The gap between the bulls and bears widens. The difference in favour of the latter increased up to eight percentage points. On the other hand, the share of buy orders rose from 58 to 61%.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out