© Dukascopy
- Mizuho Corporate Bank (based on Reuters)
пЃ® Industry outlook
After an immense surge EUR/USD has bounced off a downtrend and is now again headed downwards. The initial target for the pair is situated at 1.3145, while en route to 1.20 the price will encounter 1.2860 support as well.
пЃ® Traders' sentiment
The portion of bullish market participants in EUR/USD has increased up to 53.4% as the European currency is the most popular among its major counterparts. At the same time 46.6% of the market expect the greenback to appreciate.
пЃ® Long position opened
Initial resistance area for the pair is situated at 1.3566. Subsequent goals for the bullish market payers may be found at 1.3686 and 1.3840.
пЃ® Short position opened
Major FX traders expect the price to test the initial support level at 1.3292. The breakout of this line will pave the way for the price to test S2 at 1.3138 and S3 at 1.3018.
© Dukascopy