The Hand of Scalpuman

Forum of the Lord of Trading fellowship

HomeCalendarFAQSearchMemberlistUsergroupsRegisterLog in
Latest topics
» Daily Market Analysis from ForexMart
Tue May 03, 2016 9:51 am by Andrea ForexMart

» Company News by ForexMart
Wed Apr 27, 2016 9:46 am by Andrea ForexMart

» forex & binary - licensing & consulting
Thu Apr 14, 2016 1:32 pm by AGPLaw

» Stop leading an 8/5 robotic life and live real life!
Wed Oct 14, 2015 9:59 am by Ian Shaw

» Forex and binary options affiliate program reviews
Wed Sep 09, 2015 7:09 pm by affiliates-network

» InstaForex Company News
Thu Oct 02, 2014 8:29 am by IFX Yvonne

»  Forex expositions by ShowFxWorld.
Fri Aug 29, 2014 10:44 am by ShowFxWorld

» Forex News from InstaForex
Fri Aug 22, 2014 9:48 am by IFX Yvonne

» Shaolin Black Swan and Crunching Hobbit
Wed Jul 23, 2014 7:44 pm by Sauros

Share | 

 EUR/USD Faces Monthly R1

Go down 

Posts : 8759
Join date : 2012-01-25

PostSubject: EUR/USD Faces Monthly R1   Mon Mar 10, 2014 10:45 am

EUR/USD Faces Monthly R1

'It's [the Euro] a bit overdone. It's a good level to be buying dollar. But so far, the market has gone the other way.' - Pierpont Securities (based on Bloomberg)

Pair's Outlook

Last week's accomplishment, namely a breach of 1.38, opens for EUR/USD a path towards 1.43, the 2010 highs. However, judging by the technical indicators on all relevant time-frames, the currency pair's upward momentum is weak at the moment. Moreover, it is currently facing the monthly R1, which seems to be unlikely to let the single currency to appreciate at an accelerated pace.

Traders' Sentiment

SWFX market participants did not change their attitude towards EUR/USD—a majority continue holding short positions, specifically 68% of them. There are also no significant fluctuations in the shares of buy and sell orders. At the moment they constitute 47% and 53% of the market respectively.
Back to top Go down
View user profile
EUR/USD Faces Monthly R1
Back to top 
Page 1 of 1
 Similar topics
» Real Truth: Maithripala Sirisena's own Words on January 2014 with Sri Lanka's Prestigious Business Magazine - Business Today
» GIH Capital Monthly - March 2015

Permissions in this forum:You cannot reply to topics in this forum
The Hand of Scalpuman :: The Trading Holy Grail Forums :: Economic News, Market Comments & Opinions-
Jump to: