© Dukascopy Bank
- Bank of Tokyo-Mitsubishi UFJ (based on CNBC)
Industry outlook
Key resistance area for EUR/USD at 1.3250/80 is expected to halt near-term rallies. In case it is breached, further levels at 1.3436 and 1.3627 will be targeted by the pair. Dips should be limited by a support situated at 1.3000.
Traders' sentiment
Traders' sentiment remains stable on EUR/USD. For the third consecutive trading day there were no shifts observed. 47% of traders continue to stay long on the pair, while 53% of them preferred staying short on it.
Long position opened
Leading market participants, who have entered EUR/USD market with a buy trade, are expecting to close their positions at the key resistances at 1.3172, 1.3214 and 1.3286.
Short position opened
Key support for EUR/USD intraday trading is situated at 1.3058. In case S1 is penetrated, traders with short positions are likely put their T/P orders at 1.2986 and 1.2944.
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