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"Spain will continue to delay asking for financial assistance. The election result is not positive for the euro. The market may shift its focus to Spain and the poor economic fundamentals in Europe once we confirm aid for Greece"
- Barclays Plc (Based on Bloomberg)
Pair's outlook
Last Friday was very a volatile trading session in EUR/USD pair, as the price increased till 1.2989 level and that was the highest point in almost two months. The exchange rate was pushed up through all possible resistance levels by a very strong impetus during last week, as all daily candles closed with a big positive performance. If the price continues to increase, than 1.3021 and 1.3172 levels will be the key, to totally damage a bearish trend.Traders' sentiments
SWFX market's bullish part decreases, as traders become more bearish. The bullish side have 45% of opened positions and the bearish side has 55%. Pending orders segment remains bullish, since 55% of orders are buy and 45% are sell.
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