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Pair's Outlook
The major currency pair gradually depreciates from a 2012's high, but bearish sentiments still are very weak and don't demonstrate any correction momentum. The pair perfectly moves in the upper part of the Bollinger bands. In case of a down-side scenario, the price has to overcome a 1.3402/1.3373 level, where the weekly PP and monthly R1 are located, and after that 1.3327, where the 20-day SMA merges with the weekly S1. In an up-side scenario, the pair will face difficulties at 1.3556, where the monthly R2 intersects the weekly R1 and the Bollinger band.
Traders' Sentiment
SWFX market traders have bearish sentiments, since 34% of positions are long and 66% are short. Pending orders market is rather neutral, as both sides have equal shares.
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