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- CitiFX (based on CNBC)
Pair's Outlook
The currency pair retains a chance to rise in the near term, but a rally beyond 1.3691 presently appears to be highly unlikely. Apart from the 200-day SMA, there are also 55 and 100-day moving averages and some of the major trend-lines that will be standing in the way of a recovery. Moreover, most of the daily technical indicators are bearish, suggesting that the most recent low at 1.3586 could soon be revisited.
Traders' Sentiment
Just as last week, right now there is no difference between the amounts of long and short positions. In the meantime, the share of the sell orders open on EUR/USD declined quite noticeably, from 66% to 55%.
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