EUR/USD is stuck near 1.0970
"There could be some sudden moves though as small orders can move the market unpredictably. Volatility tends to increase towards the end of the year."
- FXPrimus Europe (based on Reuters)
Pair's Outlook
During the next few days EUR/USD is projected to develop sideways, owing to lack of fundamental drivers and low trading volume. The latter continued to fall down for a seventh consecutive day on Friday of the previous week when the trading session was very short. For the moment the pair is placed between the weekly pivot point (1.0932) and 50% Fibonacci retracement of an Oct-Nov downtrend (1.1008). Without any shocks, the cross is highly likely to act within these boundaries in the next 24 hours.
Traders' Sentiment
There are more bears coming into the SWFX market, as their market portion increased from 56% to 57% since Thursday of the previous week. Meanwhile, 100-pip long pending orders gained ground over the weekend and rose up to 55% by Monday morning.
- FXPrimus Europe (based on Reuters)
Pair's Outlook
During the next few days EUR/USD is projected to develop sideways, owing to lack of fundamental drivers and low trading volume. The latter continued to fall down for a seventh consecutive day on Friday of the previous week when the trading session was very short. For the moment the pair is placed between the weekly pivot point (1.0932) and 50% Fibonacci retracement of an Oct-Nov downtrend (1.1008). Without any shocks, the cross is highly likely to act within these boundaries in the next 24 hours.
Traders' Sentiment
There are more bears coming into the SWFX market, as their market portion increased from 56% to 57% since Thursday of the previous week. Meanwhile, 100-pip long pending orders gained ground over the weekend and rose up to 55% by Monday morning.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。