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- Dennis Lockhart, Atlanta Fed President (based on Bloomberg)
Pair's Outlook
EUR/USD pair increased in value on Monday, reaching the monthly S1 at 1.2339. However, the pair closed the day below this important resistance. Besides that, in course of the day the cross managed to set a new 2014 low at 1.2246. Right now the pair is considerably limited by the mentioned resistance, which is also strengthened by weekly PP; therefore, we would expect a movement to the south.
Traders' Sentiment
Distribution between bullish and bearish opened positions changed just a little from yesterday to become completely neutral, with 50% for both. Pending orders in 50 and 100-pip ranges from the current market price, in turn, climbed significantly to be around 50-51% in favor of long ones.
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