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- Nomura Holdings Inc. (based on Bloomberg)
Pair's Outlook
Bullish advancement from 1.2337 was not sustained for a prolonged period of time and has already come to an end ahead of 1.2660. At the moment EUR/USD is consolidating near 1.2463, after a precipitous fall. Nevertheless, bearish momentum is expected to persist and drag the currency pair down to 1.2320/1.2283 or even 1.2200/1.2181, if the preceding area fails to halt the price.
Traders' Sentiment
Despite the Euro being the most popular currency among its major counterparts, SWFX marketplace traders' sentiment towards EUR/USD remains neutral, as currently the ratio between long and short positions is 54% to 46%. Moreover, the share of sell orders (51%)slightly exceeds the portion of buy orders (49%) placed on the currency pair.
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