EUR/USD Flat, But Breaks 1.14
January 4, 2019 1:02 pmVideo
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We’re halfway through the last trading day of the week; let’s see how things are shaping up for the market players.
Euro/Dollar shows limited rate movement of 36 pips and the pair has attracted 33 percent less than typical funds. Neutral sentiment of the traders is leaning towards the short side by six percent. Both the passive trading approach and the narrow price movement range are limiting factors for the traders of the Euro/Dollar pair.
Pound/Dollar rose by 80 pips to hit the daily high just pips below the 1.27 level. The Cable sees a relatively average amount of funds and sentiment of the traders is neutral, long positions are up by just three percent. Bullish run has provided solid profit opportunities for those who were in long positions.
Dollar/Yen jumped by nearly 100 pips early in the session, but most of the gains have been given up. Traded volume is extremely high and neutral sentiment of the traders is six percent long. Both of the close to equal sides have had their profit chances as the rise was followed by a decline.
Pound/Yen has been on a rise and it has resulted in a gain of point 45 percent. Traded volume is average and sentiment of the traders is neutral, but short positions are in the lead by 12 percent. Uptrend makes a successful morning session very much likely for those who were long.
Euro/Yen jumped by more than 100 pips during the early trading hours and a gain of point 32 percent was posted by noon. Turnover is low and neutral sentiment of the traders is six percent short. Bulls saw solid profit opportunities during the early surge that saw the rate gain more than 100 pips.
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