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"The U.S. economy has remained quite resilient, so the Fed's tools will likely be kept in their tool belt for the time being"
- Albion Financial Group (based on Reuters)
пЃ® Industry outlook
From above EUR/USD currency pair is capped by a resistance area located at 1.3608/15. Even higher a key zone is situated - 1.3835/60 which is unlikely to be breached. The focus is on a support at 1.3214 where the pair is currently headed.
пЃ® Traders' sentiment
SWFX Sentiment Index stays neutral in EUR/USD market. The share of long positions and portion of short trades there is almost the same, being 50.05% and 49.95% respectively, even though the Euro is the most popular currency at the moment.
пЃ® Long position opened
Bullish investors should pay attention to the key resistance levels for intraday trading. R1 is situated at 1.3440, followed by R2 and R3 at 1.3481 and 1.3534 respectively.
пЃ® Short position opened
Major FX traders expect the price to test the initial support level at 1.3346. The breakout of this line will pave the way for the price to test S2 at 1.3293 and S3 at 1.3252.
© Dukascopy Bank