EUR/USD Trading Positions
WHAT IS THE TRADING POSITIONS TOOL AND WHY TO USE IT?
The Trading Position page provides a glance as how FXStreet dedicated contributors (Retail traders, Brokers and Banks) are currently positioned in the EUR/USD. It includes Entry price, Stop Loss and Take profits (up to 3, from the most conservative to the most risky level). It is a positioning indicator that delivers actionable price levels such as the average buy and average sell prices. The tool shows how liquidity is distributed along the price scale. Price levels with a lot of orders may act as support and resistance areas. It takes into account not only the entry prices but more importantly where participants have their stop losses and take profit levels. These orders are translated into support and resistance levels, as well as acceleration points.
HISTORIC RANGES FOR EUR/USD
Last 5 years (Feb 2012 to Feb 2017): MAX: 1.3914 (03/14) - MIN: 1.0388 (12/16)
COMMODITIES THAT INFLUENCE THE MOST EUR/USD
When trading EUR/USD, it’s recommended to have a look at other assets, including commodities, in particular Oil, Gold, Silver and Corn.
HOW TO READ THE GRAPHS?
Besides the table with all participants’ individual positions, graphic representations aggregate and visualize the data.
- The Red and Green line shows the percentage of buy and sell positions for each currency pair.
- You also get the Average Sell Price (in red) and Average Buy Price (green) just next to the gauge graph. Trend traders can take advantage of these price levels in those circumstances when the current market price is at better levels than the average aggregate.
- If you click on the pair, you will access another page with the Liquidity Distribution illustration. On this graph, we draw a vertical line for each contributor’s price position (price is horizontally laid out) so you can quickly figure out how the liquidity is distributed along the price scale. Price levels with a lot of orders may act as support and resistance areas.
MOST INFLUENTIAL LEADING FIGURES FOR EUR/USD
Since the most influential organizations for the EUR/USD are the Fed, the US Government and European Central Bank, their presidents are logically the people that have the biggest impact on the currency pair. Currently, the FED Chairman is Janet Yellen (since February 2014), the president of the United States is Donald Trump (since January 2017) and the President of the ECB is Mario Draghi. Their speeches, statements, wording and decisions are closely watched to detect any signal of next potential move in the pair.