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"The euro zone official said that further assistance from the ECB, in the form of new liquidity support to Greek banks, would be needed. Greece will be further discussed at the next EWG meeting on Monday"
- Reuters
Pair's OutlookSeems that EUR/USD pair settled beneath the uptrend line, as yesterday the price has touched the weekly PP level and uptrend line at 1.3017 and sharply pulled back. This movement has formed a decreasing candle with a long shadow on it. Although the triangle pattern is broken, the price might still form a downward sloping channel with a lower line at 1.2769, where the 200-SMA and the weekly S2 lie.
Traders' SentimentSWFX market participants maintain pessimism regarding EUR/USD pair, as 56% traders have a short position and 44% have a long position. Situation in pending orders market holds equilibrium, as both sides have 50% of orders.
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