© Dukascopy Bank
"There's a lot of people lining up to sell [the euro]"
- Credit Suisse (based on Reuters)
пЃ® Industry outlook
After penetrating supports at 1.3145 and 1.3000 EUR/USD currency pair maintains its bearish course toward 1.2860. Should the latter level be breached as well, the price might decline down to 1.2068.
пЃ® Traders' sentiment
EUR/USD traders' sentiment is stable without any considerable changes during the previous day. The share of long positions is 55.87% of the market, while short positions constitute 44.13% of all the positions held.
пЃ® Long position opened
Initial resistance area for the pair is situated at 1.3048. Subsequent goals for the bullish market payers may be found at 1.3116 and 1.3167.
пЃ® Short position opened
Major dealers are planning to partially close their short positions if the pair touches upon the first support level at 1.2929. However, if the bearish impetus proves to be strong enough, some of the positions could be squared off at S2 of 1.2878 and at S3 of 1.2810.
© Dukascopy Bank