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- Mario Draghi, ECB President (based on CNBC)
Pair's Outlook
The EUR/USD went down to the levels seen on Tuesday of this week, as the weekly R1 at 1.2532 was able to push the shared currency to the downside. At the moment the cross is hovering just above the weekly pivot point; however, it is likely to be crossed. According to technical indicators, which became bearish on a daily chart, a decline of the pair is quite likely. Nevertheless, any downward movement will be stopped by 2014 low at 1.2358.
Traders' Sentiment
Market sentiment on the EUR/USD currency pair became even more bullish during last 24 hours. At the moment 54% of traders expect the single currency to advance (53% yesterday). Pending orders, in turn, entered the red territory in both short and long-term ranges.
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