EUR/USD tumbled to 1.3518/01

EUR/USD decoupled from the up-trend resistance it traded near last week and slipped through the 55-day SMA at 1.3568/65. Now the currency pair is approaching another support at 1.3518/01, which is formed by the monthly PP, weekly S1 and 20-day SMA. According to the daily and weekly indicators this area is likely to stay intact and send the price towards the nearest resistances.

While previously the share of the long positions has been diminishing, during the last 24 hours the tendency changed because of a dip in the price and now 42% (40% yesterday) of the SWFX traders expect appreciation of the single European currency relative to the buck.