© Dukascopy Bank
- Barclays Bank (based on CNBC)
пЃ® Industry outlook
EUR/USD is currently recovering after encountering 1.2860, though this rally is unlikely to extend above 1.3210 and 1.3250/1.3442. In the long-term the pair is expected to pierce through 1.2860 and reach 1.2089.
пЃ® Traders' sentiment
Traders' sentiment has turned bearish in EUR/USD market, as the amount of long positions has been outnumbered by the amount of short ones. At the moment 45.94% of traders expect the price to grow, while 54.06% of them deem it bearish.
пЃ® Long position opened
Bullish investors should pay attention to the key resistance levels for intraday trading. R1 is situated at 1.3144, followed by R2 and R3 at 1.3207 and 1.3283 respectively.
пЃ® Short position opened
Major FX traders expect the price to test the initial support level at 1.3005. The breakout of this line will pave the way for the price to test S2 at 1.2929 and S3 at 1.2866.
© Dukascopy Bank