© Dukascopy Bank
- DailyFX (based on CNBC)
Industry outlook
EUR/USD has bounced off 1.3000 and is now headed towards 1.3291/1.3325, where the pair is expected to stop advancing and terminate its bullish correction. Supports at 1.2974/54 and 1.2624 should thus be in focus.
Traders' sentiment
The portion of long positions on EUR/USD currency pair has dropped down to 47%, while at the same time the share of short ones has increased up to 53%.
Long position opened
Leading market participants, who have entered EUR/USD market with a buy trade, are expecting to close their positions at the key resistances at 1.3225, 1.3275 and 1.3363.
Short position opened
Largest investors might have placed their take profit orders at key supports. These levels for intraday trading are situated at 1.3087, 1.2999 and 1.2949.
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