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- Jens Weidmann, Deutsche Bundesbank President (based on MarketWatch)
Pair's Outlook
On December 26, the EUR/USD currency pair developed in a very calm environment during the whole trading session. A resistance at 1.2228, represented by the monthly S2 is still keeping pair's bulls under pressure, as they are unable to breach this line. Towards the end of Friday, the pair fell below 1.22, but it is still well-supported by the 2014 low at 1.2162. Even though technical indicators are bearish, we assume the cross will trade sideways in the near term.
Traders' Sentiment
Long opened positions to were little changed during the weekend period, as they rose one percentage point to 55%, the level seen on previous Wednesday. Additionally, long pending orders in 100-pip range fell insignificantly to reach 44% on Monday's morning.
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