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- Janet Yellen, Federal Reserve (based on Investing.com)
Pair's Outlook
The Euro was volatile against the US Dollar yesterday moving in a range from 1.1326 to 1.1393. However, the currency exchange rate ended day's trading session exactly where it started at 1.1353. At the moment the currency pair has went up a little bit and is trading at 1.1356. The EUR/USD pair is located above the weekly and monthly pivot points around 1.1280, which it would face if it depreciates. In addition, the 55-day SMA is providing support at 1.1305. In the meantime, in case of the European currencies appreciation against the Greenback it could move freely until the first weekly and monthly resistances at around 1.1465.
Traders' Sentiment
Traders continue to slowly become more bearish on the pair, as 55% have already opened short positions compared to yesterday's 54%. Long orders in the 100-pip range have increased by 2% up to 49%.
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