© Dukascopy Bank SA
Despite the fact the EUR/USD currency pair has been trading in a strong uptrend on Friday, this week's traders' opinions divided almost equally. Dukascopy Community members see the pair closing at 1.09 this Friday, March 18. This level is slightly below the weekly pivot, suggesting a close behind this level will indicate further correction or even a beginning of a new trend to the downside.
Despite the fact market sentiment is still bullish, with 54% of opened positions being long. At the same time, 45% of respondents are having bearish sentiment on the pair.
This week's highlight is the FOMC meeting as well as Fed interest rate decision on Wednesday. From the European side, in turn, Trade Balance and Consumer Price Index are highly awaited on Friday.
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