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"The agreement on Greece has been well received by markets"
- Mizuho Corporate Bank Ltd (Based on Bloomberg)
Pair's Outlook
EUR/USD pair maintains its uptrend's momentum and rapidly steps higher, as during Asia trading hours, the price breached a previous high and peaked a new one at 1.3007. Currently, the currency pair is traded around 1.2990, close to a two month high. As all corrections do not exceed 38% Fibo level, thus this pair is still controlled by a strong uptrend. Possible resistances for a further increase, might be 1.3000 area with the Bollinger band or 1.3021, where a historical flat zone takes place.
Traders' Sentiment
SWFX market sentiments changes to bearish, as the bullish side decreased till 42% and the bearish side reached 58%. However, pending orders segment remains bullish, as 56% placed orders are for a buy position and 44% are for a sell position.
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