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- Mario Draghi (based on CNBC)
Pair's Outlook
Recent decline triggered by speculation that Fed Chairman Ben Bernanke will cut bond-buying programme failed, as he said that it might be too dangerous to tighten monetary easing during current recovery stage. Thus, investors switched to risk-on sentiment and began buying EUR/USD. The pair surged above the weekly PP and might proceed its upside movement by reaching the weekly R1 and 55-day SMA at 1.2975.
Traders' Sentiment
This morning SWFX market is divided in almost similar shares, since bulls have 53% and bears 47% of opened positions. Placed orders segment is gently bearish, since 54% of orders are sell ones.
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