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- ECB Executive Board member Benoit Coeure (based on Bloomberg)
Pair's Outlook
The pair's bears have pushed the Euro below the weekly PP and major level at 138.07/00. However, at the moment the key levels are June low and the monthly S1 at 137.71/59. Last time when pair slid below these levels was at the beginning of February and ever since the pair has been hovering above the 137.50 mark. The daily and monthly technical levels remain slightly bearish, possibly it might drive the 18-nation currency slightly lower.
Traders' Sentiment
The bullish and bearish positions opened on EUR/JPY are completely identical at the moment. The difference between the buy (47%) and sell (53%) orders placed 100 pips from the spot is also insignificant for now.
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