© Dukascopy
"The downside risk for the euro is looking weaker near-term and while it will likely remain in a recent broad range, momentum is gaining for the market to want to test its upside."
- FX trading Japan for UBS (based on Reuters)
Pair's OutlookThe previous high's resistance zone at 1.3115/35 was too strong to be broken through at the first time, thus EUR/USD price retreated back and currently is traded at 1.3070. There is a high probability that the price will check the next support level and after that prepare for the second attempt to brake the September's high.
Traders' SentimentAs the price fluctuates in a wide range, trader's sentiments at SWFX market also do not show any drastic changes. Traders still prefer to short positions, as 43% have a long and 57% have a short position. Pending orders segment has slightly different figures, as 52.4% investors are placed a buy order and 47.6% a short .
© Dukascopy