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- Gaitame.com Research Institute Ltd. (based on Bloomberg)
Pair's Outlook
Abrupt dip of EUR/USD yesterday erased remainder of last Friday's rally, dragging the pair near to a recent low at 1.2286, although the price will have to breach a support area at 1.2386/74 first I order to reach it. Additional levels are at 1.2191 and 1.2106, which are about to come into focus given that bearish momentum is likely to persist according to most of the presented below indicators.
Traders' Sentiment
The share of long positions on EUR/USD has grown considerably over the last 24 hours, up to 62%, while bears have lost their positions, constituting 38% of the market at the moment. The Euro remains the most popular currency in SWFX marketplace, though the portions of buy and sell orders are nearly equal, being 51% and 49% of the total amount, respectively.
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