© Dukascopy
"The euro area will be strengthened because it speaks with one voice"
- Viviane Reding (based on WSJ)
Industry outlook
Current rally which has started from a support at 1.3380/60 is about to end. As soon as the price reaches 1.3835/80 after overcoming resistances at 1.3616 and 1.3635 it is anticipated to tumble down to 1.3270 or even 1.3145.
Traders' sentiment
The situation in EUR/USD market in terms of ratio between the positions has not changed significantly during Friday and is more or less the same. Traders' sentiment is mixed, as 51.06% of trades are long and 48.94% are short.
Long position opened
While trading this pair, investors should pay attention to the immediate resistance level at 1.3609. If the pair manages to go through this level, further resistances are situated at 1.3695 and 1.3862.
Short position opened
Key support for EUR/USD intraday trading is situated at 1.3442. In case S1 is penetrated, traders with short positions are likely put their T/P orders at 1.3361 and 1.3194.
© Dukascopy