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- ING Capital Markets (based on MarketWatch)
Pair's Outlook
At the moment EUR/USD is rapidly moving towards the resistance at 1.3568, which should eventually give in and open the way for a rally up to the February high at 1.3711, as implied by the near-term studies. If this attempt does not turn out to be successful, the currency pair is supposed to find strong support at 1.3458/32 before attacking September high once again.
Traders' Sentiment
Changes in the SWFX traders' sentiment towards EUR/USD were only marginal. The share of long positions went up by two percentage points to 35%. Respectively, the proportion of bears declined to 65%, meaning that a majority of market participants still expect the U.S. Dollar to appreciate.
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