EUR/USD & GBP/USD On a Slide [Video]
|Euro/Dollar dropped by 83 pips to trade point 69 percent in the red at noon. Trading has been active, volume is high and neutral sentiment of the traders is 6% long. The sharp decline suggests a successful morning session is more likely for those who were in short positions. Pound/Dollar has been on a slide as well and it puts the pair point 77 percent in the red. The Cable sees a typical amount of funds and most of them were driven by bullish expectations. The rate went in the opposite direction to those forecasts, making losses more likely for investors. Dollar/Yen has walked in a limited range of 23 pips, but the pair sees a typical amount of funds. Neutral sentiment of the traders stands 5 percent long. Both sides have seen limited profit opportunities due to the narrow price movement range. Pound/Yen has been on a slide and it puts the pair point 75 percent in the red at 12 o’clock. Trading has been passive, volume is extremely low and most of the funds were in short positions. The rate did go per those expectations and a more active trading approach would have increased profits. Euro/Yen dropped hours into the session and a loss of point 67 percent has been posted. This pair sees 46 percent more than typical funds and neutral sentiment is close to an even balance. Sharp decline has provided profit opportunities for those who were in short positions.
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