© Dukascopy Bank SA
"My sense is once we get into the first half of 2015 we're still going to get pretty good growth but not as strong as we just saw it."
- Tufts University (based on Bloomberg)
Pair's Outlook
Yesterday, the EUR/USD currency pair dropped considerably and managed to set a new yearly minimum in the very end of December. The new 2014 low is located between the monthly S3 and S2 at 1.2163. In the short-term we may observe a slight rebound of the Euro up to 1.2230, while later the pair is still likely to lose more value. However, the next demand area around 1.21 (monthly S3; weekly S1) will try to push the pair to the upside.
Traders' Sentiment
Long opened positions to acquire the Euro against the Greenback went further to the upside, as they reached 55% during last 24 hours. Additionally, long pending orders in 100-pip range from the spot rose to 45%, the highest level in five trading days.
© Dukascopy Bank SA