EUR/USD is stopped by 1.3240

Seems that EUR/USD pair loses it up-trend momentum, as the price yesterday peaked at 1.3306, but finally reversed and retreated back to a 1.3240 level, which is important resistance from the spring's channel pattern. Thus we have a candle with a small body and a long shadow above, which most usually indicates an impetus loss and a potential reverse of moving sentiments, at least in a short term.

SWFX market participants keep bearish sentiments, as 37% of traders have long positions and 63% have short positions. Pending orders segment indicates a tendency to support a currency pair's appreciation, as the buy side has 55% of orders and the sell side has 45% or orders.