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- Credit Agricole (based on Bloomberg)
Pair's Outlook
After overcoming 1.2969 the only obstacle that separates EUR/USD from attaining 1.34 lies at 1.3143/71. This resistance could potentially send the pair back to an uptrend support line, but nevertheless should eventually give in, allowing extension of a recovery. In the meantime, losses are to be limited by a key zone at 1.2826/1.2789.
Traders' Sentiment
Wile the Australian and U.S. Dollars argue for being the most popular in the SWFX marketplace, being acquired on average in 63% and 64% of cases respectively, sentiment of traders towards EUR/USD is somewhat negative, since the ratio between long and short positions is 43% to 57%.
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