© Dukascopy
- Reuters
Pair's Outlook
EUR/USD price cannot find a direction for a new trend, therefore easily fluctuates beneath a ceiling at the 1.3020 level. From a bottom side, the price is bounded by a bullish tendency, which started on July 24th. Currently, the price is approaching this upside trend line and trying to settle below it, this would bring a price sharply lower, as a triangle pattern would be broken.
Traders' Sentiment
Despite a confusion in EUR/USD pair, SWFX market participants are bearish, as 44% traders holds long positions and 56% have short positions. Pending orders segment's situation does not support the market, as more traders are placed orders for EUR/USD increase (54%) and the other part investors (46%) looking forward to open a short position.
© Dukascopy