EUR/USD slips below 1.3061

Last week the price did not receive sufficiently strong bullish impetus at 1.3061 in order to breach the 100-day SMA at 1.3162. Instead it has eroded the support, opening the way towards 1.2929/16, the current location of the 200-day SMA, which presumably has a higher chance of resisting the selling pressure that persists in the market at the moment.

Currently traders' sentiment in neutral towards EUR/USD, since 52% of positions are long and 48% are short, matching similar ranking in popularity in the SWFX marketplace of the Euro (52%)and U.S. Dollar (49%). As for the orders, 43% of them are buy and 57% are sell.