© Dukascopy Bank SA
- Banque Internationale a Luxembourg SA (based on Bloomberg)
Pair's Outlook
The Euro has slipped below the weekly PP at 148.63, after the relatively good last week, when the pair added to its value on a weekly basis. Near the psychological level at 150 the selling pressure increased; therefore, leading to a decline. Moreover, we do not see the pair breaching the 150 mark in the near term, despite the strongly bullish technical indicators. The daily, weekly and also monthly technicals are pointing to the north.
Traders' Sentiment
Market sentiment remains almost unchanged as bears hold 56% of all of the open positions on the pair. The gap between the buy (52%) and sell (48%) orders placed 100 pips from the spot is also insignificant for now.
© Dukascopy Bank SA