Dukascopy_Analyst

EUR/USD crossed 1.09 to expose 1.08

FX_IDC:EURUSD   Euro / U.S. Dollar
8 0 0
"Clearly, however, the Fed remains data dependent and in the near term there is still risk of dollar disappointment around Friday's jobs report."
- BNP Paribas (based on Reuters)

Pair's Outlook
The Euro             continued to weaken further versus the US Dollar             on Wednesday. EUR/USD             pierced through 1.09 yesterday, while the weekly S1 failed to sustain losses of this currency pair. Now bears are aiming at May and July lows at 1.0819/08, which are immediately followed by weekly S2 and monthly S1 at 1.0799/68. There a decline of the Euro             can be suspended in the near term, while traders are waiting for US employment data on Friday. More pronounced moves of the cross will therefore be expected to take place tomorrow.

Traders' Sentiment
Bulls are holding the majority of open positions in the SWFX market, namely 52% of them, while commands to buy the Euro             in 100-pip range from the spot climbed further from 48% to 53%.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
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