© Dukascopy Bank
- Mizuho Corporate Bank (based on CNBC)
Industry outlook
EUR/USD currency pair has dipped below 1.2860 and is currently near its 15-month low. At the moment it is heading towards 1.2530/88, while a long-term target lies at 1.2083 (200 month ma).
Traders' sentiment
According to the traders' sentiment, EUR/USD currency pair is deemed as a bullish one at the moment. The majority of opened positions (58.17%) are long, while a lesser part of traders (41.83%) support the idea of the American Dollar appreciating.
Long position opened
Bullish investors should pay attention to the key resistance levels for intraday trading. R1 is situated at 1.2900, followed by R2 and R3 at 1.3011 and 1.3076, respectively.
Short position opened
Bearish traders will pay attention to the key support levels in order to close their deals. The primary forecast target is 1.2724. If the pair erodes this level, then it might rebound from S2 of 1.2659 or S3 of 1.2548.
© Dukascopy Bank