The dollar Monday, dropping to the Euro ahead of the first televised debate between the candidates for U.S. President



EUR/USD

Overview

The dollar Monday, dropping to the Euro ahead of the first televised debates between presidential candidates Hillary Clinton and Donald trump. Thus, we are seeing a corrective movement of the currency pair EUR/USD for the third day in a row. Now the pair is trading in the differently directed movement, where the bottom is supported by the weekly PP and 20-day SMA at 1.1201/07. Top pair is constrained by the weekly R1 at the level of 1.1279 and lines of an uptrend, which is located also near this level.

The mood of the traders

The share of long positions on the SWFX market remains unchanged for the moment is 40%.

USD/JPY

Overview

This currency pair continues its slow recovery, due to the General strengthening of the American currency. However, demand for the yen maintained a cautious attitude of the stock market. On Friday, the price was trading near the mark of 101.33, however, was not able to overcome it. Most likely that tool will surely punch a high chance to touch 100.80 level, which is represented by the monthly S1. If the downward movement continues, the pair may fall to the level of 99.50.

The mood of the traders

The share of long positions on the SWFX market has risen and currently equals 63%.



The dollar Monday, dropping to the Euro ahead of the first televised debate between the candidates for U.S. President 26.09.2016

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