EUR/USD remains bearish

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Most market participants expected the euro to consolidate between $1.2560-1.2660 in the lead-up to the ECB meeting"
- CNBC

Pair's Outlook
EUR/USD has stalled at 1.2584/66, being unable to pierce through the support at the very first attempt. However, this does mean the pair is about to rebound strongly from it and commence recovery up to 1.2730/62, even though we may not yet rule out such a scenario. The price is still expected to fall below 1.2584/66, given that most of technical indicators point to the downside.

Traders' Sentiment
Equal amounts of traders consider EUR/USD bullish and bearish, implying mixed sentiment of SWFX market participants towards the currency pair, despite the Euro being bought most frequently (in 73% of cases) relative to its peers. As for the orders, 62% of them are to acquire the single currency and 38% are to sell its against the Greenback.

© Dukascopy Bank SA
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