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"Uncertainty over when Spain would request a bailout to drive down the cost of its borrowings remained, and traders expect the euro to stay in a range"
- ReutersPair's OutlookEUR/USD pair retreated from the last week's high on Friday trading session and indicated about a strong resistance level around 1.3115/35, but this morning the price has found the resistance at 1.3024 and appreciates from it on early trading session. As most of indicators tempt about a possibility to open a long position and RSI has not reached a value of 70, it is very likely that we will see a new high in the near future.
Traders' SentimentSWFX markets sentiments remain very similar to the previous week data, as for today 44% traders have a long position and 56% have a short position. Pending orders segment shows slightly different figures, as 54% investors have placed orders for a buy position and 46% for a short.
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