© Dukascopy Bank SA
- Bank of New York Mellon (based on Reuters)
Pair's Outlook
Although there are no strong resistance levels until 1.37, which has all the chances to be the pair's next objective, EUR/USD stays glued to the weekly PP and 20-day SMA at 1.3588/82 instead. Nevertheless, whether the Euro recovers in the near term or not, the long-term perspective is considered to be bearish for the currency. However, there is still a tough support area at 1.3481/52 that is preventing emergence of a sell-off.
Traders' Sentiment
The sentiment towards EUR/USD stays completely unchanged for a third day in a row—46% of positions are long and 54% are short. As for the pending orders, 39% of them are to purchase and 61% are to sell the common currency against the buck.
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