© Dukascopy Bank SA
- Barclays (based on CNBC)
Pair's Outlook
Yesterday an attempt of EUR/USD to close below the support trend-line did not succeed, and now the currency pair is trading at the 55-day SMA. And even though in the short run there is some room for a rally, as indicated by the weekly technicals, a longer-term perspective is expected to be bearish, considering that the Euro is trading in the vicinity of the major falling resistance line.
Traders' Sentiment
Just as a day before, at the moment there is no significant difference between the amounts of long (51%) and short (49%) positions in EUR/USD market. A similar situation is observed among the orders, a half of which are placed to acquire the Euro and a half of which are placed to sell it against the U.S. Dollar.
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