EUR/USD hovering at 1.3350

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The euro's upside is likely to be limited and short-lived. Better financial conditions are likely to be offset by rising political risks, market positioning and a weaker economy. We expect the euro to be on a declining trend beginning in Q2."
- Barclays Capital (based on Bloomberg)

Pair's Outlook
Pair started the week at 1.3360; although the formed candles are bearish trading volume and volatility are low not giving any clear directional impulse.  Taking this in to account, although the stochastic indicator points at recovery of the pair it seems we will have to wait for the recovery of the pair.

Traders' Sentiment
Traders' sentiments on EUR/USD remain unchanged after the weekend as 58% of traders are bearish on the pair. Pending orders suggest that such situation should persist further as they are almost equally distributed between long and short traders.

© Dukascopy Bank SA
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Mon, 11 Feb 2013 09:23:02 GMT

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