© Dukascopy
- Westpac Banking Corp. (based on Bloomberg)
Pair's Outlook
EUR/USD pair experienced a strong downside impetus during yesterday trading session. The previous support level at 1.3024 was unable to maintain an impulse power and currently the price is around a 1.2970 level. Also, the exchange rate is breaching uptrend line, which was started on July 24. If the price settles below this line, it is very likely to see EUR/USD depreciation in the short run.
Traders' Sentiment
A major part of SWFX market participants still have bearish sentiments, as 57% traders keep a long position and 43% a short one. Placed orders segment is almost balanced, as 51% have placed an order for a long position and 49% for a short position.
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