EUR/USD enclosed between 1.1050 and 1.0950
The EU referendum is skewing the euro picture toward caution and prudence."
- Roberto Mialich, UniCredit SpA (based on Bloomberg)
Pair's Outlook
The pair stalled after it had broken through the 200-day moving average. From above the fluctuations are now limited by 1.1050, while any attempts of the bears to push the price lower are to be prevented by a dense demand area at 1.0970/50, which consists of the up-trend, monthly R1, and 100-day SMA. Eventually, however, the bulls should gather enough strength to throw the rate above 1.1050, which will pave the way for a multi-week recovery towards the October high.
Traders' Sentiment
There have been no changes in the SWFX sentiment since yesterday: 52% of positions are long and 48% are short. The share of sell orders increased from 52 to 54%.
- Roberto Mialich, UniCredit SpA (based on Bloomberg)
Pair's Outlook
The pair stalled after it had broken through the 200-day moving average. From above the fluctuations are now limited by 1.1050, while any attempts of the bears to push the price lower are to be prevented by a dense demand area at 1.0970/50, which consists of the up-trend, monthly R1, and 100-day SMA. Eventually, however, the bulls should gather enough strength to throw the rate above 1.1050, which will pave the way for a multi-week recovery towards the October high.
Traders' Sentiment
There have been no changes in the SWFX sentiment since yesterday: 52% of positions are long and 48% are short. The share of sell orders increased from 52 to 54%.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.