© Dukascopy Bank SA
- Societe Generale (based on CNBC)
Pair's Outlook
Even though at a considerably slower pace, but EUR/USD still maintains its upward course with the initial goal at 1.2960. In the longer-term perspective, the pair is inclined to aim for 1.3134/51 prior to an attempt to advance up to 1.3400. At the same time dips are to be contained by 1.2826/1.2786, which is a key support area that ensures bullish outlook.
Traders' Sentiment
The share of long positions on EUR/USD has slightly increased, up to 44%, but did not introduce a notable change in the overall sentiment towards the pair, which remains moderately bearish. As for the orders, 55% of them are to acquire the Euro and 45% are to sell it against the U.S. Dollar.
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