© Dukascopy Bank SA
- Nomura International Plc (based on Bloomberg)
Pair's Outlook
EUR/USD has just crossed one of the most important support levels, represented by the 2014 low. Moreover, the pair went down further and set the new minimum level at 1.23, which is located just above the weekly S2. Technical indicators on a weekly time-frame are still giving bearish signals, meaning that we are likely to observe a continuation of the Euro's depreciation versus the Buck.
Traders' Sentiment
From yesterday, the overall distribution between long and short positions on the SWFX market changed insignificantly to the positive side. At the moment there are 56% bullish opened positions (54% yesterday). Bullish pending orders in 100-pip range from the spot, in turn, deteriorated further to 29%.
© Dukascopy Bank SA