© Dukascopy Bank
- Commerzbank (based on Reuters)
пЃ® Industry outlook
EUR/USD's outlook is still negative, as the pair is likely to carry on falling from 1.4246. Resistance should prevent the price from advancing, while a breach of the immediate support at 1.2946 would indicate a further selloff down to 1.2873.
пЃ® Traders' sentiment
Trader's sentiment for EUR/USD currency has become bearish, even though the Euro is still the most popular currency among its major counterparts. The ratio between longs and shorts is 48.96% to 51.04%, respectively.
пЃ® Long position opened
While trading this pair, investors should pay attention to the immediate resistance level at 1.3106. If the pair manages to go through this level, further resistances are situated at 1.3164 and 1.3208.
пЃ® Short position opened
Key support for EUR/USD intraday trading is situated at 1.3004. In case S1 is penetrated, traders with short positions are likely put their T/P orders at 1.2960 and 1.2902.
© Dukascopy Bank