© Dukascopy Bank
- Credit Agricole (based on Marketwatch)
Industry outlook
In the short-term EUR/USD is likely to slide down to 1.3250/80. A close below this support would encourage further bearish action, which may last up until 1.3000. On the other hand, should 1.3250/80 withstand, the pair will commence recovering and return back to 1.3435.
Traders' sentiment
There is no change observed in the traders' sentiment on EUR/USD currency pair, as the shares of long and short positions remain the same, being 47 and 53 per cent, accordingly.
Long position opened
Largest brokers set a new long position target as a break of 1.3224 is an encouraging bullish sign en route to 1.3284. If the uptrend remains, the third target for intraday trading will be 1.3363.
Short position opened
The immediate support line is at 1.3085. Should the price step even lower, it will encounter subsequent levels at 1.3006 and 1.2946, where recovery might start.
© Dukascopy Bank