#week's

New Post has been published on http://u.to/rKllDw

EUR/USD Marks Two Straight Weeks Of Losses

Daily Forex Technicals |

Written by Dukascopy Swiss FX Group |

Nov 21 16 09:46 GMT

‘The move has further to go. We could see some consolidation ahead of the Thanksgiving holidays, but I suspect markets will continue buying into any U.S. dollar pullbacks.’ – Vassili Serebriakov, Credit Agricole CIB (based on Bloomberg)

Pair’s Outlook

The common European currency was almost unchanged against the US Dollar on Monday morning near the level of 1.06. However, the pair still was in the middle of the descending channel pattern, in which it had been moving lower since encountering the 55 and 100-day SMAs at 1.1135 on third of November. It is most likely that the currency exchange rate will continue to move lower, as the closest support cluster is located around the 1.0520 level. The pair will probably find support there at some point during the week.

Traders’ Sentiment

SWFX traders remain bullish on the pair, as 59% of open positions were long on Monday. Meanwhile, trader set up pending commands remain bearish, namely 63% of set up orders are to sell.

About the Author

Dukascopy Swiss FX Group

Legal disclaimer and risk disclosure

This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

New Post has been published on http://u.to/rKllDw

EUR/USD Marks Two Straight Weeks Of Losses

Daily Forex Technicals |

Written by Dukascopy Swiss FX Group |

Nov 21 16 09:46 GMT

‘The move has further to go. We could see some consolidation ahead of the Thanksgiving holidays, but I suspect markets will continue buying into any U.S. dollar pullbacks.’ – Vassili Serebriakov, Credit Agricole CIB (based on Bloomberg)

Pair’s Outlook

The common European currency was almost unchanged against the US Dollar on Monday morning near the level of 1.06. However, the pair still was in the middle of the descending channel pattern, in which it had been moving lower since encountering the 55 and 100-day SMAs at 1.1135 on third of November. It is most likely that the currency exchange rate will continue to move lower, as the closest support cluster is located around the 1.0520 level. The pair will probably find support there at some point during the week.

Traders’ Sentiment

SWFX traders remain bullish on the pair, as 59% of open positions were long on Monday. Meanwhile, trader set up pending commands remain bearish, namely 63% of set up orders are to sell.

About the Author

Dukascopy Swiss FX Group

Legal disclaimer and risk disclosure

This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

New Post has been published on http://u.to/rKllDw

EUR/USD Marks Two Straight Weeks Of Losses

Daily Forex Technicals |

Written by Dukascopy Swiss FX Group |

Nov 21 16 09:46 GMT

‘The move has further to go. We could see some consolidation ahead of the Thanksgiving holidays, but I suspect markets will continue buying into any U.S. dollar pullbacks.’ – Vassili Serebriakov, Credit Agricole CIB (based on Bloomberg)

Pair’s Outlook

The common European currency was almost unchanged against the US Dollar on Monday morning near the level of 1.06. However, the pair still was in the middle of the descending channel pattern, in which it had been moving lower since encountering the 55 and 100-day SMAs at 1.1135 on third of November. It is most likely that the currency exchange rate will continue to move lower, as the closest support cluster is located around the 1.0520 level. The pair will probably find support there at some point during the week.

Traders’ Sentiment

SWFX traders remain bullish on the pair, as 59% of open positions were long on Monday. Meanwhile, trader set up pending commands remain bearish, namely 63% of set up orders are to sell.

About the Author

Dukascopy Swiss FX Group

Legal disclaimer and risk disclosure

This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

New Post has been published on http://u.to/rKllDw

EUR/USD Marks Two Straight Weeks Of Losses

Daily Forex Technicals |

Written by Dukascopy Swiss FX Group |

Nov 21 16 09:46 GMT

‘The move has further to go. We could see some consolidation ahead of the Thanksgiving holidays, but I suspect markets will continue buying into any U.S. dollar pullbacks.’ – Vassili Serebriakov, Credit Agricole CIB (based on Bloomberg)

Pair’s Outlook

The common European currency was almost unchanged against the US Dollar on Monday morning near the level of 1.06. However, the pair still was in the middle of the descending channel pattern, in which it had been moving lower since encountering the 55 and 100-day SMAs at 1.1135 on third of November. It is most likely that the currency exchange rate will continue to move lower, as the closest support cluster is located around the 1.0520 level. The pair will probably find support there at some point during the week.

Traders’ Sentiment

SWFX traders remain bullish on the pair, as 59% of open positions were long on Monday. Meanwhile, trader set up pending commands remain bearish, namely 63% of set up orders are to sell.

About the Author

Dukascopy Swiss FX Group

Legal disclaimer and risk disclosure

This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.