EUR/USD continues to appreciate

After being suspended by a 1.2850 level, the major currency pair made a spike down, breaking a recent low at 1.2751 as unemployment data in the U.S. was announced. However, EUR/USD recovered bullish sentiments in a four-month low and the price gradually increased above the 20-day SMA and the monthly PP level at 1.2897. Currently the pair is fluctuating around 1.2926, but the area is rather empty, since the closest resistance is at 1.3009, where the 200-day SMA merges with the weekly R1.

After very volatile trading session yesterday, SWFX market sentiments changed slightly, as bulls enlarged the buy side by 2% to 49%. Pending orders segment remains bullish, since 54% of orders are long.