Hi traders, here's a quick overview of the EUR/USD pair.
TECHNICALS:
The EUR/USD pair had difficulties to break above the 1.14 level and entered into a correction phase, forming fresh Lower Lows and Lower Highs. The 1-hour chart suggests that a retest of 1.12 is possible, after which the pair could continue in the direction of the medium-term uptrend.
POSITIONING:
Positioning numbers show a strong increase in EUR bulls and an overall bullish bias on the currency in the last few weeks, while the US dollar remained a sell as investors cut their bullish positions.
INTEREST RATES:
Short-term yield divergences pointed at further weakness in the pair already at the 1.13 level. As the sell trade reached our profit target, we're looking for a buying opportunity at the moment. (Check our previous post: EUR/USD: Three signs of a 1.12 retest)
TECHNICALS:
The EUR/USD pair had difficulties to break above the 1.14 level and entered into a correction phase, forming fresh Lower Lows and Lower Highs. The 1-hour chart suggests that a retest of 1.12 is possible, after which the pair could continue in the direction of the medium-term uptrend.
POSITIONING:
Positioning numbers show a strong increase in EUR bulls and an overall bullish bias on the currency in the last few weeks, while the US dollar remained a sell as investors cut their bullish positions.
INTEREST RATES:
Short-term yield divergences pointed at further weakness in the pair already at the 1.13 level. As the sell trade reached our profit target, we're looking for a buying opportunity at the moment. (Check our previous post: EUR/USD: Three signs of a 1.12 retest)
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.