© Dukascopy Bank
- FXDD (based on WSJ)
Industry outlook
The initial support is located at 1.3000, this level is rather strong and is unlikely to be broken at the very first attempt. Resistances, on the other hand, may be found at 1.3243 and 1.3387.
Traders' sentiment
The share of long positions in the market has slightly increased and now bullish trades constitute 43% of the total amount of positions on EUR/USD. At the same time the portion of shorts has dropped to 57%.
Long position opened
Bullish investors should pay attention to the key resistance levels for intraday trading. R1 is situated at 1.3182, followed by R2 and R3 at 1.3284 and 1.3354, respectively.
Short position opened
Key support for EUR/USD intraday trading is situated at 1.3010. In case S1 is penetrated, traders with short positions are likely put their T/P orders at 1.2940 and 1.2838.
© Dukascopy Bank