© Dukascopy Bank
"Overall, the ECB tries almost everything it can to prevent a credit crunch in the euro zone"
- ING (based on CNBC)
пЃ® Industry outlook
Resistance zones situated at 1.3460/87 and 1.3600/15 should be able to halt rallies, while the focus is on the downside. Initial target for EUR/USD lies at 1.3218/12, the break which will pave the way for 1.2860 being reached.
пЃ® Traders' sentiment
The amount of long positions in EUR/USD market continues to enlarge and their share has risen up to 52.66%. Whereas the part of shorts has diminished to 47.34%, since the Euro is the most popular currency at the moment.
пЃ® Long position opened
While trading this pair, investors should pay attention to the immediate resistance level at 1.3437. If the pair manages to go through this level, further resistances are situated at 1.3534 and 1.3608.
пЃ® Short position opened
Key support for EUR/USD intraday trading is situated at 1.3266. In case S1 is penetrated, traders with short positions are likely put their T/P orders at 1.3192 and 1.3095.
© Dukascopy Bank