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– based on Brooks Price Action
Pair's Outlook
The Euro recouped its Friday's losses against the US Dollar on Monday, as the currency exchange rate moved from the newly set low level of 1.0971 to 1.0995 by the end of Monday's trading session. On Tuesday morning, the pair was more volatile to the downside, as it touched 1.0983 level. However, the EUR/USD pair started surging by 4:45 GMT, as the exchange rate was at 1.10 at that time. In the meantime, daily aggregate technical indicators forecast once again a downfall of the pair.
Traders' Sentiment
SWFX sentiment on Tuesday morning has become neutral, as 50% of open positions are long and also short. In the meantime, pending orders in the 100-pip range are 63% short.
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