© Dukascopy Bank
- Wells Fargo (based on CNBC)
Industry outlook
Being that EUR/USD's growth will be halted by resistances located at 1.3285/91, 1.3325 and 1.3389, the outlook remains negative. The initial target lies at 1.2974/54, while a long-term goal is at 1.2624.
Traders' sentiment
Traders' sentiment is neutral on EUR/USD currency pair, as the portion of buy and sell orders is nearly the same, being 48 and 52 per cent, accordingly.
Long position opened
Leading market participants, who have entered EUR/USD market with a buy trade, are expecting to close their positions at the key resistances at 1.3235, 1.3347 and 1.3416.
Short position opened
Bearish market players will pay attention to a near-term support at 1.3054. The downtrend continuation will establish following targets for traders: S2 at 1.2985 and S3 at 1.2873.
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