Dukascopy_Analyst

EUR/USD rallies past 1.09 after ECB disappointment

FX:EURUSD   Euro / U.S. Dollar
58 0 0
"It'll take more than this to kill a euro             bear, but it's going to be a more difficult winter for them."
- HSBC             (based on Bloomberg)

Pair's Outlook
EUR/USD's surge by more than 300 points was hardly predictable yesterday, even though the ECB unveiled more support for economy. Daily growth of the Euro             was the sharpest since 2009, while trading volumes spiked to reach 5-month high. The pair is managing to hold gains until the moment of writing on Friday. Both monthly PP             and R1 were immediately eroded, supporting additional gains in the near term. However, EUR/USD             will inevitably meet 55, 100 and 200-day SMAs in the range of 1.0996/1.1061. According to weekly technical indicators, a correction can start very soon.

Traders' Sentiment
The bullish portion of SWFX positions accounts for 48% today, no change on a daily basis. Meanwhile, pending orders have become more bearish in both 50 and 100-pip ranges from the spot price.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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