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- Morgan Stanley (based CNBC)
Industry outlook
EUR/USD appears to be unable to approximate to a confluence of resistances at 1.3292/97, leaving the pair capped for the next few weeks. The currency couple is now expected to aim for 1.2974/54 before seeking even lower levels.
Traders' sentiment
Market participants, who are exposed to EUR/USD, are divided into two nearly equal, in terms of the amounts, camps. Bulls form 48% of the market, while bears constitute 52% of it.
Long position opened
FX market participants have put their take profit orders at the key resistance points of intraday trading. Some of the investors might close their deals at 1.3257 and 1.3292. The highest level is at 1.3321.
Short position opened
Key support for EUR/USD intraday trading is situated at 1.3193. In case S1 is penetrated, traders with short positions are likely put their T/P orders at 1.3164 and 1.3129.
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