EUR/USD plummets to 1.25

EUR/USD remains heavy and keeps sinking deeper. The next important cluster of supports likely to be hit in the nearest future is created by the monthly and weekly S1 at 1.2464/12. Once it is broken, there will be only the monthly S2 and weekly S3 near 1.22 guarding the 2012 low at 1.2040, which is becoming more and more likely target of the currency pair. However, the monthly studies still oppose such a scenario they are mostly pointing upwards.

Unlike the distribution five days ago, the difference between the long (55%) and short (45%) positions is currently insignificant. On the other hand, there is a large gap between the buy and sell orders—56 percentage points in favour of the latter.