EUR/USD remains unable to break 1.36

For now EUR/USD is oscillating between two weekly pivots points—at 1.3627 and 1.3587. Nevertheless, the long-term risks are considered to be skewed to the downside. This is based on the premise that the currency pair confirmed a major resistance at 1.39 and subsequently breached an important up-trend support line. Moreover, a half of the daily indicators suggest the bearish sentiment is going to dominate the market, at least in the short run.

With the volatility calming down, the sentiment got neutral with respect to EUR/USD. Right now 52% of open positions are long and 48% are short. But this is likely to change in the nearest future, as Euro's prospects should soon become clearer.