© Dukascopy Bank
- Credit Suisse (based on CNBC)
пЃ® Industry outlook
EUR/USD bounced off 1.3057 (20 day ma), casting doubt on the possibility of an upward correction extending up to 1.3145/1.3200. In case the price slides below 1.2860, its primary target will be located at 1.2530/88.
пЃ® Traders' sentiment
Traders' sentiment on EUR/USD currency pair has become bullish with the majority of positions (52.369%) presently being long, while the share of short trades has fallen down to 47.61% of the overall number of positions.
пЃ® Long position opened
Largest brokers set a new long position target as a break of 1.3046 may become an encouraging bullish sign en route to 1.3146. If the uptrend remains, the third target for intraday trading will be 1.3221.
пЃ® Short position opened
Major market participants with short positions will hold their deals until the price slides down to the initial support level at 1.2871. If the price continues the downtrend, the dealers might wait for the Euro to depreciate down to 1.2796 or 1.2696.
© Dukascopy Bank