EUR/USD once more below 1.10 on Wednesday morning

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The post Brexit lows near 1.0900 along with the December 2015 weekly reversal settlement and year opening price (slightly below 1.0900) remain in focus." 
- Jamie Saettele, CMT (based on Daily FX) 

Pair's Outlook 
The common European currency had remained rather unchanged against the US Dollar on Wednesday morning. However, after previously falling during Tuesday's trading session the currency exchange rate was below the significant 1.10 mark, as the rate failed to break through the resistance put up by the second monthly support level at 1.1026 during Tuesday's trading. At the moment, the outlook seems like the rate is set to fall to at least the 1.0929 level, where the closes support is located at.

Traders' Sentiment 
SWFX traders remain slightly bullish on the pair, as 54% of open positions are long. In the meantime, pending commands remain bearish, as 57% of set up orders are to sell.
© Dukascopy Bank SA
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