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- State Street Global Markets (based on CNBC)
Pair's Outlook
The currency pair closed below the weekly S1, but seems to be already losing its downward momentum ahead of the main support at 1.3481/75. Moreover, less daily technical indicators are giving 'sell' signals than yesterday, meaning there might be temporary sideways trading before the Euro gathers courage to re-test the 2014 low. In the meantime, a spike up to the 200-day SMA also should not be ruled out.
Traders' Sentiment
The sentiment towards EUR/USD remains neutral—53% of open positions are long and 47% are short. Concerning the orders placed, there is also no significant difference between the numbers of buy (46%) and sell (54%) ones.
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