Dukascopy_Analyst

EUR/USD tumbled to settle near 1.0830

FX:EURUSD   Euro / U.S. Dollar
296 0 1
"Looking ahead, it should take at least until the second half of the year before German headline inflation at least crosses the 1%-threshold again."
- ING             (based on WBP Online)

Pair's Outlook
EUR/USD             posted minor losses during the first trading day of 2016, even though daily highs and lows ranged from 1.0950 to 1.0780. Weak US production data limited that Euro's decline on Monday, and the pair managed to close above the crucial support represented by the monthly pivot point and July 2015 low. Focus remains on the downside, as it seems that EUR/USD             is building another bearish channel in the daily chart . However, inability to violate the 1.08 demand for a second time could result in purchases of the pair and an advance in the direction of the weekly pivot point at 1.09.

Traders' Sentiment
The SWFX bulls are still remaining in the minority of 43%, while the bears are holding 57% of all positions at the moment.
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