© Dukascopy Bank
"The dollar is getting a lift as worries aboutGreece and the European Union summit dent risk appetite"
- CNBC
Industry outlook
The currency couple is anticipated to stabilise near 0.9080/65 and commence recovering. A break of resistance at 0.9185 would reignite bullish momentum which in turn would drag the pair up to 0.9340.
Traders' sentiment
Even though the difference between the amount of long (44%) and short (56%) positions has remained almost the same, the traders' sentiment has turned from bullish to bearish.
Long position opened
Bullish investors should pay attention to the key resistance levels for intraday trading. R1 is situated at 0.9214, followed by R2 and R3 at 0.9257 and 0.9306, respectively.
Short position opened
Largest investors might have placed their take profit orders at the key support levels. These levels for intraday trading are situated at 0.9122, 0.9073 and 0.9030.
© Dukascopy Bank