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"The euro's declines were limited after Greece's finance minister said Athens had been given additional time by international lenders to impose its austerity cuts, an assertion played down by leading EU officials"
- ReutersPair's OutlookEUR/USD price cannot find a direction for a new trend, therefore easily fluctuates beneath a ceiling at the 1.3020 level. From a bottom side, the price is bounded by a bullish tendency, which started on July 24th. Currently, the price is approaching this upside trend line and trying to settle below it, this would bring a price sharply lower, as a triangle pattern would be broken.
Traders' SentimentDespite a confusion in EUR/USD pair, SWFX market participants are bearish, as 44% traders holds long positions and 56% have short positions. Pending orders segment's situation does not support the market, as more traders are placed orders for EUR/USD increase (54%) and the other part investors (46%) looking forward to open a short position.
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