© Dukascopy Bank SA
- Sumitomo Mitsui Trust Bank (based on Bloomberg)
Pair's Outlook
The Euro is unable to surpass the major level at 136 thus far; however, it is attacking it. Nonetheless, there are still bearish risks, as the pair has not really recovered from yesterday's drop, reaching the lowest level this year at 135.04. Moreover, the daily technical studies remain to the downside, thus also increasing the possibility of a drop even lower. For now, we expect that the major level at 135 will be tested again in the near term.
Traders' Sentiment
Although there is no movement observed in EUR/JPY, the traders are becoming less sure that the 18-nation currency is able to appreciate, as the amount of bearish traders decreased by 2% reaching 51% today.
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