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Pair's Outlook
The US Dollar scored gains previously on Monday, as it moved from 1.3052 at the start of day's trading session to 1.3118 at the end of Monday's trading. However, the currency exchange rate has sharply fallen in the first half of Tuesday's trading session, as the rate started day's trading at 1.3119, and by 11:00 GMT the pair was at 1.3029. If it continues its movement this way, it is set to meet a support cluster around the level of 1.2990, where the 100-day SMA and weekly PP are located at. In the meantime, daily aggregate technical indicators forecasted a surge for the pair today.
Traders' Sentiment
SWFX traders have increased their bullish sentiment on the pair, as 63% of open positions are long, compared to yesterday's 59%. In the meantime, pending orders in the 100-pip range are 71% long.
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