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- CNBC
пЃ® Industry outlook
Resistance level at 1.3059 has successfully repelled EUR/USD currency pair, therefore the price is likely to dip down to a support located at 1.3041/38. In case the latter level is breached, the next target will be situated at 1.2950.
пЃ® Traders' sentiment
EUR/USD currency pair has become even more bearish since the last week. At the moment 47.12% of market participants perceive it as a bullish one, while the majority, being 52.88% of traders, expect the price to drop.
пЃ® Long position opened
The initial resistance level for intraday trading is 1.3106. Bulls might establish additional targets at 1.3164 and 1.3208 if the Euro appreciates even more.
пЃ® Short position opened
The immediate support line is at 1.3004. Should the price step even lower, it will encounter subsequent levels at 1.2960 and 1.2902, where recovery might start.
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