Dukascopy_Analyst

EUR/USD eases below 1.1220, sets eye on 1.1145

FX:EURUSD   Euro / U.S. Dollar
74 0 1
"Evans's comments are taken hawkishly by the U.S. dollar."
- Westpac Banking Corp             (based on Bloomberg)

Pair's Outlook
Inside the current triangle pattern (boundaries at 1.1310 and 1.0860), EUR/USD             is now descending to the South. Yesterday it slid below the weekly PP             , monthly R1 and 23.6% Fibonacci retracement of this month's earlier climb. The primary target is the 38.2% retracement at 1.1145, followed by the 20-day SMA ten pips from below. The ultimate long-term bearish goal seems to be the pattern's lower bound at 1.0860. However, daily indicators continue supporting the bulls. Moreover, the 55-day SMA is going to breach the 200-day SMA to the upside soon, which is going to be a positive sign.

Traders' Sentiment
Over the previous 24 hours the SWFX market sentiment has been pretty much steady at 43-57%.
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