요약: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
부인 성명:
본 문서의 견해는 저자의 개인적인 견해를 나타낼 뿐이며 본 플랫폼에 대한 투자 자문을 구성하지 않습니다.본 플랫폼은 기사 정보의 정확성, 완전성 및 적시성을 보장하지 않으며, 기사 정보의 사용 또는 의존으로 인한 손실에 대해서도 책임지지 않습니다.