Dukascopy_Analyst

EUR/USD touches downtrend at 1.13 after Yellen

FX:EURUSD   Euro/U.S. Dollar
137 0 1
"The actual U.S. dollar decline has been more dramatic than we expected."
- Commonwealth Bank (based on Bloomberg)


Pair's Outlook
EUR/USD             became pretty much buoyant on Tuesday after dovish remarks by the Fed Chair Janet Yellen. Initial resistance area was penetrated relatively easily, while successful testing of the weekly R1 at 1.1250 paved the way for a surge up to 1.13. Daily technical indicators suspect the pair will extend the rally until the second supply zone for today at 1.1340. There we have got the current March high, weekly R2 and another downtrend line. In case the advance is not contained, the attention will then switch to the Feb high at 1.1377. Future dips have to be temporarily capped by the 55-day SMA at 1.1063.

Traders' Sentiment
For the moment about 43% of all positions are bullish , down from 46% on Tuesday. However, almost 60% of pending orders in both 50/100-pip ranges are still set to acquire the Euro             .
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out