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- CRT Capital (based on CNBC)
Pair's Outlook
The single currency dropped against the US Dollar for the first time in four days yesterday, as the Fed announced the end of its stimulus program. The pair neared a considerable support at 1.2594, represented by the weekly S1 and Bollinger band. If case of successful testing, the Euro is likely to slump down to 2014 low below 1.25 in the medium-term. At the same time, technical indicators are neutral in the short-term, while weekly studies suggest the bearish scenario for this currency cross.
Traders' Sentiment
Since yesterday, market sentiment improved slightly, as now 55% of all opened positions are bullish. Pending orders in 100-pip range, however, worsened, as now 57% of them are set to sell the Euro.
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