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- Mitsui Sumitomo Trust Bank (based on CNBC)
Pair's Outlook
The market participants have been largely selling the common currency since Aug 28, shortly after EUR/USD had hit June high. However, the supports between 1.3150 and 1.3111, namely 100 and 200-day SMAs with the weekly and monthly S1 levels, have a good chance of preventing extension of the dip and afterwards sending the currency pair back to 1.3417.
Traders' Sentiment
SWFX traders' sentiment remains neutral with respect to the most popular currency pair, since there is indecision among the market participants, judging by fact that the shares of long and short positions are nearly equal at the moment—51% and 49% respectively.
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