© Dukascopy Bank SA
- BNP Paribas (based on CNBC)
Pair's Outlook
Despite a spike down to 1.3528 EUR/USD did not close below the nearest support at 1.3570/65, meaning it is poised for more gains in the future. Right now the currency pair is testing the rising resistance line at 1.3649/40, but instead of breaching it the rate is more likely to trade along the up-trend until an encounter with the Feb high at 1.3711/1.3697.
Traders' Sentiment
As it turns out, the SWFX market participants have not changed their attitude towards EUR/USD during the past 24 hours, even though the price of the Euro has not been static. The share of long positions is still at 46%. Similarly, the ratio between the amounts of buy (51%) and sell (49%) orders is stable as well.
© Dukascopy Bank SA