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- UniCredit SpA (based on Bloomberg)
Pair's Outlook
EUR/USD stayed under bearish pressure on Friday of last week, as the shared currency dropped below 1.23 and consequently set a new 2014 low at 1.2219. Moreover, the pair fell below the monthly S2, which is located at 1.2228. As a result, we can see a slight consolidation around this major level, while in the next few days the pair may continue declining further.
Traders' Sentiment
Distribution between bullish and bearish opened positions on the SWFX market managed to stay positive, as long positions are still accounting for 51% of all trades. Additionally, long pending orders in 100-pip range from the spot added only one percentage point from Friday to reach 40%.
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