© Dukascopy Bank SA
- BNP Paribas SA (based on MarketWatch)
Pair's Outlook
EUR/USD finished an impulse to the 55-day SMA at 1.3079, since yesterday it even surpassed an interception point of the Bollinger band and the SMA for a short period of time. It is very possible that the pair will prepare a correction, as the Fibonacci 423.6% retracement level located near the SMA was also reached. The closest target of the correction might be the 200-day SMA at 1.3015.
Traders' Sentiment
SWFX market faces minor fluctuation between bulls and bears, since the buy side contracted 1% and now amounts to 47%. Pending orders segment maintains bullish exposure, as 51% of orders are long and ready to buy the Euro.
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