© Dukascopy Bank
- IG Markets (based on Bloomberg)
At the moment EUR/USD is headed toward a downtrend at 1.3520, after it has penetrated resistance at 1.3322. In case of dips, supports at 1.3190, 1.3133 and 1.3096 should halt bearish movement.
Traders' sentiment
Distribution of positions on EUR/USD is uneven to a large extent. 67% of all the trades held on the currency pair are short, whereas 33% are long.
Long position opened
FX market participants have put their take profit orders at the key resistance points of intraday trading. Some of the investors might close their deals at 1.3421 and 1.3473. The highest level is at 1.3568.
Short position opened
Major FX traders expect the price to test the initial support level at 1.3274. The breakout of this line will pave the way for the price to test S2 at 1.3179 and S3 at 1.3127.
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