© Dukascopy Bank
- BBVA (based on WSJ)
Industry outlook
After encountering an accelerated downtrend at 1.3037, EUR/USD has been trading flat. The immediate resistance is situated at 1.3087, followed by 1.3120/93 and 1.3216. Supports, on the other hand, may be found at 1.3010, 1.2990/57 and 1.2880.
Traders' sentiment
The majority of traders (62%) are currently staying long on EUR/USD currency pair, waiting the Euro to appreciate relative to the US Dollar.
Long position opened
Investors should pay close attention to the identified resistance levels for the pair at 1.3140, 1.3217 and 1.3269.
Short position opened
In case of dips, another rally may start after rebounding from the initial support level at 1.3011. However, assuming that the bearish momentum does not weaken, investors will pay attention to the lower support levels at 1.2959 and 1.2882.
© Dukascopy Bank