© Dukascopy Bank SA
- Tokyo-Mitsubishi UFJ Ltd (based on Bloomberg)
Pair's Outlook
EUR/USD pair depreciated sharply during a yesterday's trading session. The pair easily overcame the weekly R1 at 1.3055 and slipped to the weekly PP level at 1.2968. Currently, the price consolidates around this area, but target resistance is 1.2926/1.2891, where the weekly S1 and monthly PP merge with the 55-day and 20-day SMAs.
Traders' Sentiment
Bulls increase their positions by 4% to 48% in SWFX market and bears share shrinks till 52%. Pending orders segment maintains bullish sentiments, as the price experiences a correction. Buy orders have 56% of the market and sell orders have 44%.
© Dukascopy Bank SA