© Dukascopy Bank
- Credit Suisse (based on CNBC)
пЃ® Industry outlook
After a break of 1.3145 bearish impetus of the pair has strengthened and may drag EUR/USD down to 1.2860. While the long-term target lies at 1.20. Rallies, on the other hand, are expected to be limited by resistances at 1.3212 and 1.3355.
пЃ® Traders' sentiment
On Tuesday traders' sentiment for EUR/USD currency pair was rather calm with no significant alterations during the day. The amount of longs (55.1%) still outnumbers the quantity of shorts (44.9%) in the market.
пЃ® Long position opened
Investors are suggested to pay close attention to the identified resistance levels for the pair at 1.3178, 1.3320 and 1.3405.
пЃ® Short position opened
The immediate support line is at 1.2951. Should the price step even lower, it will encounter subsequent levels at 1.2866 and 1.2724, where recovery might start.
© Dukascopy Bank