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- Berenberg Bank (based on BBC News)
Pair's Outlook
Back on Friday, EUR/USD pair was only little changed during trading as the single currency remained under increased bearish pressure. The trading range, in turn, has consolidated between 1.13 and 1.1350 marks, while even a further drop in Eurozone CPI failed to make the Euro stronger. At the moment the pair is supported by the weekly PP at 1.1268 and the cross may continue staying above it in course of Monday.
Traders' Sentiment
Distribution between long and short opened positions on EUR/USD pair is remaining unchanged for a fifth day at 49% vs 51%, correspondingly. At the same time, commands to acquire the Euro in 100-pip range dropped to just 28% on Monday.
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