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– Dennis Pettit, Bloomberg
Pair's Outlook
After the jump, which the EUR/USD currency exchange rate experienced in the past few trading sessions, the pair reduced volatility above the 1.06 mark on Friday. Although the rate managed to burst above the resistance cluster near 1.0650, which kept it down on, on Thursday, the rate is back below it. That means that the cluster is set to keep the rate down. Due to that it can be assumed that during the session the rate might surge until it reaches the 1.0650 mark, and afterwards it will bounce off of it and move lower to end the session close to the opening price.
Traders' Sentiment
SWFX traders are neutral bullish on today, as 51% of open positions are long. Meanwhile, 61% of trader set up orders are to sell the Euro.
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