EUR/USD remains side-lined

For a third day EUR/USD is being traded between the 55-day SMA from above and the up-trend support line from below. And while the weekly technical indicators are mostly pointing upwards at the moment, the risks are still heavily skewed to the downside. The currency pair has recently turned around at the long-term trend-line, therefore the nearest supports are under substantial threat of being breached.

The market has not been subject to change lately, as traders are apparently in a wait-and-see mode. The shares of long and short positions are exactly the same as yesterday, namely 51% and 49% respectively. The same way the difference between the amounts of buy (52%) and sell (48%) orders is minimal.