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- Bank of New York-Mellon (based CNBC)
Industry outlook
EUR/USD has recently bounced off a resistance at 1.3204 (55 day ma) and penetrated a support at 1.3034. As an extension of its dip the pair is expected to fall down to 1.2974/54. Subsequent level is located at 1.2624.
Traders' sentiment
The amount of bulls (57%) currently exceeds the number of bears (43%) on EUR/USD, making SWFX marketplace traders' sentiment bullish.
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 1.3161 and 1.3246. The highest level is at 1.3292.
Short position opened
Bearish market players will pay attention to a near-term support at 1.3030. The downtrend continuation will establish following targets for traders: S2 at 1.2984 and S3 at 1.2899.
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