© Dukascopy Bank
- Masaaki Shirakawa, BoJ Governor (based on Bloomberg)
Industry outlook
Being that the currency pair's movement is limited by strong levels from above and below, current bias is neutral. Resistances are at 77.43/47, 77.83 and 78.23, while dips will be halted at 76.60, 76.20 and 75.94.
Traders' sentiment
The amount of market participants who expect EUR/USD to dip (49.89%) and the amount of those who expect the pair to fall (50.11%) is nearly the same, creating neutral traders' sentiment on the price.
Long position opened
Investors should pay close attention to the identified resistance levels for the pair at 76.90, 76.96 and 77.03.
Short position opened
A part of the brokers will close their short positions near initial support level at 76.77. In case of downtrend continuation, the pair might rebound from the S2 at 76.70 or S3 at 76.64.
© Dukascopy Bank