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- Jens Weidmann, Bundesbank President (based on MarketWatch)
Pair's Outlook
Friday was marked by a second day of considerable losses of the Euro versus US Dollar, as the pair fell even below the 1.1150 mark, thus furthermore reflecting the ECB's decision to start QE in the single currency area. At the same time, EUR/USD managed to rebound slightly towards the very end of the week and close just above the 1.12 major level. Following this negative development, technical indicators are now giving mixed signals on all time-frames, assuming the pair will make a stop around 1.12 for some time.
Traders' Sentiment
On Monday, long and short positions on EUR/USD cross are still staying at a completely equal level of 50% for both, unchanged during the weekend.
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