© Dukascopy Bank SA
- BK Asset Management (based on CNBC)
Pair's Outlook
After the yesterday's session we now have an additional bearish signal, which is a gravestone doji. We expect the resistance at 1.14 to withstand the buying pressure and send the price lower. The nearest significant support is 1.13, represented by the weekly pivot point. This level, however, is unlikely to underpin the pair. EUR/USD should bottom out lower. The first potential reversal point will be the monthly PP at 1.1250, followed by the 55-day SMA at 1.12.
Traders' Sentiment
The difference between the longs (47%) and shorts (53%) did not reach a significant level—the sentiment remains neutral. There is no more a large gap between the buy (54%) and sell (46%) orders as well.
© Dukascopy Bank SA