EUR/USD holds above the 200-day SMA at 1.2725

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"It's quite likely that we get some positive noise out of the finance ministers' meeting about Greece getting a sign-off on its next tranche. But the fundamental backdrop for the euro still isn't favorable, given that incoming data has been quite weak"
- Bank of New Zealand (based on Bloomberg)

Pair's Outlook
EUR/USD pair during Friday trading session moved down and in a daily graph tested the SMA for 200 bars at 1.2725 and in a H4 graph reached the lower line of Bollinger Bands. Currently, the price has slightly increased and is traded at 1.2758. If upward trend scenario takes the scene, 1.2800 level will be important with the monthly S1 level and the 200-day SMA. And if the price turns to south, 1.2725 level will be the first support, as the 200-day SMA and the 100-day SMA converge, and 1.2630 level will be the second, as the monthly S2 and the lower line of Bollinger bands intercept.

Traders' Sentiment
SWFX market data changes very slightly and EUR/USD pair stays in a neutral position, as 51% traders have a long position and 49% have a short. Pending orders market is very similar, since 54% orders are placed for a bullish position and 46% for a bearish.

© Dukascopy Bank SA
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