EUR/USD ends another session in limbo

FX:EURUSD   Euro / U.S. Dollar
38 0 1
"We believe the strong-dollar trend we've seen over the last couple of years has come to an end."
- Pacific Investment Management Co. (based on Bloomberg)

Pair's Outlook
Since last Friday neither bulls nor bears have managed to take market in hand. Yesterday was a turbulent day, as the spot ranged from 1.1340 to 1.1455. However, ultimately the pair has been barely down by 22 pips over the whole day. Fresh daily and weekly technical indicators estimate a bullish correction. We tend to maintain a positive outlook as well, because there are many obstacles to limit a slump of the Euro             and the first one is the weekly PP at 1.1326. The primary resistance we are looking at is the October peak at 1.15, which is boosted by the Bollinger band and weekly R1.

Traders' Sentiment
Only 39% of all SWFX positions are bullish in the morning on April 8, no change over the previous trading session. Meanwhile, bullish orders set in the range of 50 pips from the spot dropped from 59% to 41%.
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