EUR/USD edges lower from a resistance at 1.3115

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The data is clearly suggesting that the ECB is going to have to do something more. We could get some kind of a hint that rates could be cut at a future meeting. If we get any soundings in that direction from Draghi today, then that could put a little bit of pressure on the euro"
-National Australia Bank Ltd. (based on Bloomberg)

Pair's Outlook
EUR/USD slips for a second trading session, as a 1.3115/21 resistance level (the weekly R2 and monthly R1) proved to be strong enough to stop a price's appreciation. Currently, the currency pair is testing the weekly R1 at 1.3055 and, if this resistance does not cause too much trouble, the price might reach a 1.2907/1.2891 area, where the monthly PP and weekly S1 intersect with the 100-day SMA.

Traders' Sentiment
Sentiments in EUR/USD pair do not change, as 44% of traders have long positions and 56% have short positions. Pending orders segment possesses very similar sentiments, since 48% of orders are for a buy position and 52% for a sell position.

© Dukascopy Bank SA
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