© Dukascopy Bank
"The actions of the last three years have shown that the euro zone governments are not prepared to act collectively in a way that convinces markets"
- UBS AG (based on Bloomberg)
пЃ® Industry outlook
EUR/USD is currently headed toward 1.3363. After this level is penetrated, 1.3259 will become a next target. In the long-term the pair is aiming for 1.20. Rallies are expected to be capped by 1.3550 and 1.3608/15.
пЃ® Traders' sentiment
Liquidity consumer sentiment index remains mixed, as none of the currencies has clear advantage over the other in terms of number of supporters. 50.95% of traders are bullish and 49.05% of the are bearish at the moment.
пЃ® Long position opened
FX market participants have put their take profit orders at the key resistance points of intraday trading. Some of the investors might close their deals at 1.3565 and 1.3532. The highest level is at 1.3577.
пЃ® Short position opened
A part of the brokers will close their short positions near initial support level at 1.3353. In case of downtrend continuation, the pair might rebound from the S2 at 1.3308 or S3 at 1.3241.
© Dukascopy Bank