© Dukascopy Bank
- Bank of America (based on CNBC)
пЃ® Industry outlook
Failure to overcome 1.3184 indicates an end of the upward correction. At the moment EUR/USD is targeting 1.2860, while the long-term goal remains at 1.2089. Rallies should be limited by supports at 1.3145, 1.3184 and by 1.3212.
пЃ® Traders' sentiment
SWFX Sentiment Index for EUR/USD currency pair is neutral, as the amount of long and short positions in the market is nearly the same, being 50.18% and 49.82%, respectively.
пЃ® Long position opened
Investors should pay close attention to the identified resistance levels for the pair at 1.3154, 1.3261 and 1.3326.
пЃ® Short position opened
Major FX traders expect the price to test the initial support level at 1.2982. The breakout of this line will pave the way for the price to test S2 at 1.2917 and S3 at 1.2810.
© Dukascopy Bank