EUR/USD continues eyeing 1.1115/00
"I regard it as unwise to continue a normalization strategy in an environment of declining market-based inflation expectations."
- James Bullard, St. Louis Fed President (based on Bloomberg)
Pair's Outlook
In general the pair is hovering on the downside, while closely monitoring the nearest support zone at 1.1115/00 represented by the monthly R2, weekly S1 and 20-day SMA. Alongside, these levels are all strengthened by the September low and 200-day SMA at 1.1087/51. Such a state of affairs may cause a short-term revival in the direction of the 1.1238/46 area, also given that daily indicators maintain the confident bullish outlook. Beyond today, however, we see EUR/USD struggling to cope with selling pressure.
Traders' Sentiment
There is a ten percentage point negative gap between the long and short participants in the SWFX market. However, pending orders are mainly set to acquire the 19-nation currency against the Dollar, in 52% of all cases for both 50 and 100-pip ranges from the spot price.
- James Bullard, St. Louis Fed President (based on Bloomberg)
Pair's Outlook
In general the pair is hovering on the downside, while closely monitoring the nearest support zone at 1.1115/00 represented by the monthly R2, weekly S1 and 20-day SMA. Alongside, these levels are all strengthened by the September low and 200-day SMA at 1.1087/51. Such a state of affairs may cause a short-term revival in the direction of the 1.1238/46 area, also given that daily indicators maintain the confident bullish outlook. Beyond today, however, we see EUR/USD struggling to cope with selling pressure.
Traders' Sentiment
There is a ten percentage point negative gap between the long and short participants in the SWFX market. However, pending orders are mainly set to acquire the 19-nation currency against the Dollar, in 52% of all cases for both 50 and 100-pip ranges from the spot price.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.