© Dukascopy Bank SA
- ING Groep NV (based on Bloomberg)
Pair's Outlook
Just yesterday the pair set a new this year's low at 134.14; although, much has changed since then, as the pair has reversed all of its losses and hovers around the weekly PP at 136.40. The Euro has proved its determination towards holding its positions above the 136 level. The technical studies remain mixed, giving no clear signals whatsoever. If the pair closes above the 136 mark then the Euro could hold these positions at the beginning of the next week.
Traders' Sentiment
The difference between the amounts of long (54%) and short (46%) positions remains negligible, meaning the sentiment is still neutral. The distribution between the buy and sell orders is also quite stable—54% and 46% respectively.
© Dukascopy Bank SA