EUR/USD's gains capped by monthly S1 at 1.0768

FX_IDC:EURUSD   Euro / U.S. Dollar
17 0 2
"The dollar is pausing from its rally as markets may have raced ahead on Fed rate hike expectations for December."
- Ueda Harlow Ltd. (based on Bloomberg)

Pair's Outlook
On Monday the most traded FX cross has tried to recover Friday losses, but it failed to come back at least above 1.0750. In addition to that, important bearish support was provided by the monthly S1 at 1.0768. We do not expect a rally to prolong any further in the medium term, while stronger US Dollar             will weigh on this currency pair. In the near term bearish pressure is also likely to remain limited, owing to lack of fundamental drivers on Tuesday. Bears are focused on Apr             low at 1.0519, followed by March low at 1.0461.

Traders' Sentiment
On Tuesday bulls and bears are holding the equal number of open positions in the SWFX market. Pending orders in 100-pip range, however, are set to sell the Euro             in 66% of all cases.
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