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- Vaclav Klaus, Czech President (based on Bloomberg)
Pair's Outlook
Recent behaviour of the pair has given a reason to suspect that EUR/USD will not have to travel all the way down to an uptrend support line currently at 1.2798/65 in order to terminate protracted bearish correction. If the price continues to advance, it will first encounter resistance at 1.2916/53, while some of the higher levels are at 1.3019 and 1.3119.
Traders' Sentiment
The gap between long and short positions has narrowed, though the general sentiment stays slightly negative towards EUR/USD, being that 43% of traders are bullish and 57% are bearish. As for the orders, 51% are to buy the Euro and 49% are to sell it against the greenback.
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