EUR/USD stays motionless

There are still no consistency among the technical indicators, as they are pointing in different directions on the weekly an monthly time-frames. Nevertheless, the currency pair is considered to be capable of rising up to 1.37 before coming under selling pressure and subsequently re-challenging a key support level at 1.35, which is reinforced by the monthly S1 and 2014 low. A breach of the latter level may potentially open a way towards 1.28—2013 lows.

The bears are starting to gain an upper hand over their counterparts, as the former now constitute 56% of the market (54% yesterday). As for the orders, 63% are set to sell the Euro against the greenback.