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- Herman Van Rompuy, the president of the European Council and chairman of the summit (based on Bloomberg)
Pair's Outlook
Today is a fifth consecutive trading session the major currency pair firmly steps higher. Despite the fact that yesterday EUR/USD was volatile on both sides, indicative of a weakening upside impulse, the price closed with a notable positive result. Currently the pair is rallying further and has already approached the key resistance area at 1.3120, where the upper Bollinger line intersects the monthly R1.
Traders' Sentiment
Investors' sentiments remains bearish in the major currency pair, as 44% of traders have long positions and 56% have short positions. It is likely that bearish sentiments will increase together with the appreciating currency pair. Pending orders segment is bullish, supporting the current movement, as 57% of placed orders are buy and 43% are sell.
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