EUR/USD loses impetus

EUR/USD unwillingly advances forward, casting doubt on its bullish prospects. Moreover, daily technical indicators turned neutral, adding to signs the currency pair lacks upward momentum in order to soar up to 1.33 in the nearest future, especially when most of monthly studies point to the downside. However, positive outlook should be preserved as long as an uptrend support at 1.2924 remains intact.

There is no change is SWFX traders' sentiment towards EUR/USD since yesterday. Long positions form 43% of the market, whereas short positions are in majority by constituting 57% of it. Orders, on the other hand, do not provide an insight into current preferences of traders, being 51% buy and 49% sell.