EUR/USD falls through 1.3290/80

Although the currency pair was well-positioned yesterday for a rally, neither the up-trend nor the 20-day SMA provided sufficient support to realise short-term bullish scenario. As a result, EUR/USD slid to the May high at 1.3242, where it will have another chance to start recovering. In case this support gives in as well, then upward tendency is unlikely to appear until the price descends down to the 200-day SMA at 1.3136.

SWFX traders' largely bearish sentiment towards EUR/USD is perfectly unchanged from yesterday's figures, being that the share of longs stays at 39% and the share of shorts is at 61%. In relation to the orders, 48% are to purchase the Euro and 52% are to sell it against the buck.