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- Saxo Bank A/S (based on Bloomberg)
Pair's Outlook
The pair has little changed around the major level at 139 through this week; however, it seems it still is on a down trend. Nonetheless, the Euro is showing some bullish signals as it is continuously trying to breach the 139 level. In case Eurozone's currency successfully does that then we could see some climb towards the 200-day SMA at 139.39. The technical indicators are sending mixed signals as the shorter term technicals are to the downside, but the monthly are bullish.
Traders' Sentiment
The difference between the amounts of long (52%) and short (48%) positions remains negligible, meaning the sentiment is still neutral. In the meantime, the share of sell orders fell from 56% to 53%.
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