Dukascopy_Analyst

EUR/USD risks correcting lower from 1.0930

FX:EURUSD   Euro / U.S. Dollar
593 0 1
"If volatility is sustained over a period of time, it's likely to decrease the odds of further Fed rate hikes, at least at the pace that the market's pricing in, and that's obviously negative for the dollar."
- Commonwealth Foreign Exchange Inc. (based on Bloomberg)

Pair's Outlook
EUR/USD             created a classical long lower shadow candlestick during the session on Friday. It indicates that short traders controlled the pair, but then lost overall control to the bulls who managed to make an impressive comeback. Such a candle followed a strong surge on Thursday, meaning the up-trend seems to be diminishing. The Euro             is at risk of tumbling from a December downtrend near 1.0930. The key bearish obstacle is placed above 1.08 (55-day SMA , monthly PP). The bullish success, however, can send the pair as high at 100-day SMA at 1.1024.

Traders' Sentiment

The bullish portion of SWFX open positions rose further from 44% to 45% by Monday morning, while 100-pip long pending orders returned back into red (53% bearish ) over the weekend.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
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 Contact Support Ideas Published Followers Following Private Messages Chat Sign Out