© Dukascopy
- BK Asset Management (Based on Reuters)
Pair's Outlook
EUR/USD pair continues to move south and has already reached the 55-day SMA at 1.2893. This level is the only one, which might accumulate some support for a pair's current depreciation, therefore it is very possible that the exchange rate will extend it decrease till the Bollinger band at 1.2827 or even till 1.2762, where the weekly S2 and the 200-day SMA are situated.
Traders' Sentiment
Traders' sentiments on EUR/USD stay bearish, as 55% traders have a long position and 45% have a short. Pending orders segment indicates some confusion in the market, as both sides have almost equal support: 47% orders are for a buy and 53% for a sell.
© Dukascopy