EUR/USD remains uplifted near February peak
"The dollar is "going to be mired in a range"."
- TJM Brokerage (based on Reuters)
Pair's Outlook
The most traded FX cross refrained from kicking off a recovery in the direction of the 1.15 mark yesterday, as traders are waiting for the FOMC minutes tomorrow and maintaining the wait-and-see mode. Nevertheless, the medium-term projection is the same as 24 hours ago, as we see more upside risks to the price. The closest resistance is the October 2015 peak and the weekly R1. On the other hand, any decline under the weekly pivot at 1.1326 may potentially expose the pair to heavier losses in the direction of the 1.12 area (monthly PP/20-day SMA/weekly S1).
Traders' Sentiment
There are just slightly more than 40% of bullish positions opened in the SWFX market, down from 41% yesterday. Meanwhile, pending orders improved, but most of them are still keeping the bearish bias.
- TJM Brokerage (based on Reuters)
Pair's Outlook
The most traded FX cross refrained from kicking off a recovery in the direction of the 1.15 mark yesterday, as traders are waiting for the FOMC minutes tomorrow and maintaining the wait-and-see mode. Nevertheless, the medium-term projection is the same as 24 hours ago, as we see more upside risks to the price. The closest resistance is the October 2015 peak and the weekly R1. On the other hand, any decline under the weekly pivot at 1.1326 may potentially expose the pair to heavier losses in the direction of the 1.12 area (monthly PP/20-day SMA/weekly S1).
Traders' Sentiment
There are just slightly more than 40% of bullish positions opened in the SWFX market, down from 41% yesterday. Meanwhile, pending orders improved, but most of them are still keeping the bearish bias.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.