EUR/USD Has Traded in a Narrow Range of 50 Pips [Video]
|Morning session is over on this Tuesday so let’s see how traders have performed so far.
Euro/Dollar has walked in a total range of 50 pips and the pair sees 21% more than typical funds. Neutral sentiment of the traders is just 5% short. Both sides have seen some profit opportunities, but the calm rate movement is the limiting factor.
Pound/Dollar rose by 74 pips, but most of the gains were given up afterwards. The Cable has attracted 31% less than typical funds and neutral sentiment is 7% long. The trend changed after 8 AM and success depends on the timing of the trades.
Dollar/Yen was mostly heading higher and the pair stood point 21% in the green at noon. Turnover is low and sentiment of the traders is at an even balance. Upward pressure has been stronger so far, making profits more likely for those who were in long positions.
Pound/Yen gave up some of the 141 pips gained after 8 o’clock. Trading has been active, volume is high and sentiment of the traders is neutral, short positions are up by 3%. Bulls had their chances early on, but the following correction was good news for bears.
Euro/Yen saw a correction after 7 AM, but the pair was still point 27% in the green at midday. Traded volume is average and most of the funds have been in short positions. Traders had their profit opportunities after the daily high was reached.
I’m Kiays Khalil and this wraps up the Midday Snapshot for Tuesday.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.