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- CNBC
Pair's Outlook
EUR/USD is slowly eroding support at 1.2244/29, which is unwilling to give in easily. Nonetheless, bears are expected to overcome this obstacle and drag the price lower. The initial target lies at 1.2099/89, while subsequent ones at 1.1996 and 1.1896 are likely to be attained in the medium-term. Temporary initiatives of bulls, on the other hand, should end either at 1.2337/68 or 1.2411/47.
Traders' Sentiment
The portion of bullish market participants has diminished even further - down to 49%, while bears keep on spreading their influence, though their advantage is yet insufficient to make the overall market sentiment bearish. The ratio between buy and sell orders is 49% to 51%, respectively.
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