EUR/USD drops after volatile US session

FX:EURUSD   Euro / U.S. Dollar
290 1 2
"With the last decision it was very clear to me that the hawks took over the steering wheel. That could be the real story for 2016: not only how willing is the ECB to do more but also are they still able to?"
- Rabobank International (based on Bloomberg)

Pair's Outlook
EUR/USD             became increasingly turbulent after the US session began yesterday. From daily highs, the pair dipped about 75 pips to close at 1.0919. As a result of this move, the weekly pivot point was penetrated, while the main support at 1.09 is offered by 55/20-day SMA , weekly S1 and monthly R1. Hence, the Euro             has a good chance of getting a reliable bullish momentum from this demand zone . In the meantime, the gains are still estimated to be contained around 1.10 ( Bollinger band ; weekly R1, 50% Fibo).

Traders' Sentiment
The bears continue outperforming bulls in terms of open positions by a margin of 57% to 43%. However, for now only 35% and 43% of the pending commands are set to acquire the Euro             in 50 and 100-pip ranges from the spot, respectively.
nice picture
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
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