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- Barclays (based on Reuters)
Pair's Outlook
From the current perspective it appears that the recent breakout was fake and the major down-trend support line at 1.3058 remains topical for the market. However, daily technical indicators carry on giving ‘sell' signals, even though they are silent on higher timeframes. If the currency pair is to sustain its recent rally, 1.3099 will be among the first resistances to attempt to halt the advancement.
Traders' Sentiment
The gap between the shares of long and short positions on EUR/USD remains constant—4% in favour of the former ones, even though the price is slowly crawling upwards. The difference between the portions of buy (43%) and sell (57%) orders is unchanged as well since the yesterday's report.
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