© Dukascopy Bank
- BNP Paribas (based on CNBC)
Industry outlook
EUR/USD is currently headed towards 1.3055, which is unlikely to be able to negate bearish momentum. Therefore the next levels in focus are expected to be 1.2974/54 and 1.22624. From above the pair is capped by resistances located at 1.3192/1.3291 and 1.3487.
Traders' sentiment
The difference between the amounts of buy and sell orders on EUR/USD has narrowed down to 10%, while the sentiment is still bearish on the pair.
Long position opened
Bullish investors should pay attention to the key resistance levels for intraday trading. R1 is situated at 1.3166, followed by R2 and R3 at 1.3249 and 1.3306, respectively.
Short position opened
Bearish traders will pay attention to the key support levels to close their deals. The forecast targets are 1.3026, 1.2969 and 1.2886.
© Dukascopy Bank