EUR/USD returns above 1.08

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"(The dollar strength) really is the ECB."
- James Bullard, St. Louis Fed President (based on CNBC)

Pair's Outlook
EUR/USD decided to jump considerably again on Friday, by gaining just below 200 pips during the trading session. While returning above important level of 1.08, the Euro is currently trading at its highest levels since March 9. Moreover, despite general bearish sentiment and pessimistic daily technical indicators, the pair is unlikely to depreciate with ease, taking into account a strong support zone at 1.0750 (weekly PP; 2003 low; monthly S3). 

Traders' Sentiment
Bullish opened positions at the SWFX market are accounting for 48% this morning, no change over the weekend. Additionally, pending orders to buy the Euro against the US Dollar in 100-pip range from the spot returned back to negative numbers and account for 33%.

© Dukascopy Bank SA
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