© Dukascopy Bank SA
- Commerzbank AG (based on Bloomberg)
Pair's Outlook
The Euro is doing already better today as it approached the weekly S1 at 147.73, after a slide below the 147 mark yesterday. Currently, the pair is in a crossroads, whether to slide towards the monthly PP at 145.77 or to rebound towards the weekly PP at 148.63. Since the technical indicators are as bullish as they are that could push the pair towards recent highs around 149 level. Although, risks of a move downwards remain in play.
Traders' Sentiment
The portion of bulls lost two percentage points, but still a distinct majority of traders expect a further strengthening of the shared currency, specifically 64% of them. In the meantime, the share of sell orders slid from 59% down to 53%.
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