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- Jack Lew, US Treasury Secretary (based on CNBC)
Pair's Outlook
The most traded currency pair decided to prolong its sideways movement for a fourth consecutive day. The EUR/USD is trading below the weekly pivot point at the moment, as its inability to rise above the Oct low at 1.25 drove the pair even more to the downside. Technical indicators do not trust in the single currency, as they give bearish signals on daily and weekly charts. In the nearest future the pair is likely to approach the monthly S1 at 1.2376.
Traders' Sentiment
Market sentiment towards EUR/USD stays unchanged, as 54% of all opened positions are long. Pending orders, however, dropped in both 50 and 100-pip ranges during last 24 hours. 64% and 61% of them are now to set to sell the Euro versus Greenback.
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