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Pair's Outlook
EUR/USD pair continues to appreciate and today reached the key resistance level at 1.3115/21, where the monthly R1 and weekly R2 intersect with the upper Bollinger band. The price increases for a sixth consecutive trading session and reached a seven-week high. Together with it the RSI has value of 73, indicating that the currency couple is overbought.
Traders' Sentiment
SWFX market participants are in the bearish mood, as 58% of traders have short positions and 42% have long positions. Pending orders segment still maintains bullish sentiments, as 60% of placed orders are buy and 40% are sell.
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