Zusammenfassung:Euro is poised for its fifth straight gain with EUR/USD up over 1.4% since the weekly open. While the broader outlook of EUR/USD remains constructive, the gains may be vulnerable in the short run.
WikiFX News (24 July) -Euro is poised for its fifth straight gain with EUR/USD up over 1.4% since the weekly open. While the broader outlook of EUR/USD remains constructive, the gains may be vulnerable in the short run.
In consideration of trading, it is suggested to reduce long positions/ raise protective stops in case of an exhaustion low. In addition, the uptrend can only see resumption when EUR/USD closes higher 1.1621.
However, if traders are net-short, EUR/USD is possible to extend its gains. From the perspective of sentiment, traders are less net-short compared with no matter yesterday or last week. Recent changes in positioning remind investors that the current trend of EUR/USD may soon reverse and go down, despite the fact that most traders remain net-short.
Major data released in the following week (Greenwich Mean Time):
July 24, 13:45 U.S. Manufacturing PMI for July
July 27, 12:30 U.S. Durable Goods Orders MoM for June
July 28, 14:00 U.S. Consumer Confidence Index for July
July 29, 18:00 Federal Interest Rate Decision
All the above is provided by WikiFX, a platform world-renowned for foreign exchange information. For details, please download the WikiFX App: bit.ly/WIKIFX
You can also find us here-
Vietnam: www.facebook.com/wikifx.vn
Thailand: www.facebook.com/wikifx.th
Indonesia: www.facebook.com/wikifx.id
South Asia: www.facebook.com/wikifxglobal
Italy: www.facebook.com/wikifx.it
Japan: www.facebook.com/wikifx.jp
India: www.facebook.com/wikifx.in
Arabian countries: www.facebook.com/wikifx.arab
Russian countries: www.facebook.com/wikifx.russian
French countries: www.facebook.com/wikifx.French
Western Pacific area: www.facebook.com/wikifx.westernpacific
Haftungsausschluss:
Die Ansichten in diesem Artikel stellen nur die persönlichen Ansichten des Autors dar und stellen keine Anlageberatung der Plattform dar. Diese Plattform übernimmt keine Garantie für die Richtigkeit, Vollständigkeit und Aktualität der Artikelinformationen und haftet auch nicht für Verluste, die durch die Nutzung oder das Vertrauen der Artikelinformationen verursacht werden.