© Dukascopy Bank
- Tokyo-Mitsubishi UFJ (based on CNBC)
пЃ® Industry outlook
Even though the pair managed to recover from 1.2850, the outlook remains bearish. As long as a key resistance at 1.3000/50 caps EUR/USD from above, bullish momentum is unlikely to appear.
пЃ® Traders' sentiment
No major changes have been observed in traders' stance towards EUR/USD currency pair since the last report. The majority is formed by long trades, which constitute 54.61% of the market, while shorts are 45.39% of it.
пЃ® Long position opened
FX market participants have put their take profit orders at the key resistance points of intraday trading. Some of the investors might close their deals at 1.2996 and 1.3033. The highest level is at 1.3102.
пЃ® Short position opened
A part of the brokers will close their short positions near initial support level at 1.2890. In case of downtrend continuation, the pair might rebound from the S2 at 1.2821 or S3 at 1.2784.
© Dukascopy Bank