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- Jose Maria Aznar, former Spain Prime Minister (based on CNBC)
Pair's Outlook
Even though the overall daily change was rather small, EUR/USD pair showed one of the biggest volatilities at least during last seven days. Daily trading range reached 120 pips. Despite that, the cross is still hovering around the monthly S2 at 1.1780, waiting for more confident momentum to develop in any direction. Out outlook tends to remain bearish for the single currency, as it is supported by daily technical indicators which are negative at the moment.
Traders' Sentiment
Market sentiment on EUR/USD pair remains rather neutral, as overall advantage of bulls over bears is at 52% versus 48%. Meanwhile, pending orders to are remaining bearish, as longs have 46% of them at the moment (up from just 32% yesterday).
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