© Dukascopy Bank SA
- BNP Paribas SA (based on Bloomberg)
Pair's Outlook
EUR/USD pair opened a new week with an upside spike and set a new high at 1.3047. After the price settlement above the weekly PP line at 1.2968, it continues to appreciate towards the weekly R1 at 1.3055 and the upper Bollinger line at 1.3089. If the price does not lose its momentum, there is very likely to see 1.3115/21 area, where the weekly R2 and monthly R1 cross.
Traders' Sentiment
The difference between bulls and bears in SWFX market widens, as the buy side reached 42% and the sell side 58%. Pending orders segment maintains a current trend, as 61% orders are for buy positions and 39% for sell.
© Dukascopy Bank SA