© Dukascopy Bank SA
- WorldWideMarkets Ltd. (Based on Bloomberg)
Pair's Outlook
EUR/USD extends it negative performance and have already broken a 1-month low at 1.2803. Although the price moves very closely with the sharply decreasing Bollinger's lower line, yesterday's closing point is exactly on the monthly S1 level at 1.2799, therefore the major currency pair may experience a slight correction soon. However, a real support level should be met at 1.2752, where the 200-day SMA and the weekly S1 go.
Traders' Sentiment
The gap between bulls and bears has almost disappeared, as 48% traders keep a long position and 52% hold a short. Pending orders market provides exactly the same figures, as 48% investors have placed orders for a buy and 52% for a sell.
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