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– Netty Idayu Ismail, Bloomberg
Pair's Outlook
The common European currency depreciated against the US Dollar on Thursday morning, as the currency exchange rate fluctuated above the 1.0520 mark. Previously, on Wednesday finally occurred the fall of the Euro, which was expected for a long time, as the rate fell to the combined support level of the 2015 December and 2015 April low levels near the 1.0520 level. However, the Euro is positioned to continue falling, as not only the markets increasingly speak about EUR/USD parity, but also the technical indicators forecast a fall for today.
Traders' Sentiment
Traders remain bullish, as 57% of open positions were long on Thursday morning. Meanwhile, 63% of trader set up orders were to sell the Euro.
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