© Dukascopy Bank SA
- Nordea Markets (based on Bloomberg)
Pair's Outlook
The 18-nation currency's bulls are actively trying to push the pair above the major level at 148. Also a 6-year high at 149.15, which was reached on 19th of November, is relatively near and it remains to be this week's target. Moreover, the strongly bullish technical indicators could convince more traders' to buy the pair, despite the already high trading levels. However, to climb higher the pair has to consolidate above the 148 mark first.
Traders' Sentiment
The traders' sentiment towards the pair has changed sides and it seems that with the pair climbing higher the Euro bulls are losing the belief in a further appreciation. The buy and sell command numbers are completely identical at the moment.
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