EUR/USD targets 1.3760

EUR/USD stalled 50 pips short of the resistance at 1.3758, but is still considered to be capable of reaching it in the nearest future, as weekly and monthly indicators remain somewhat bullish. However, further advancement is highly unlikely. Instead the currency pair is expected to be sold off towards the 100-day SMA, which is currently found near the round level of 1.36.

As the exchange rate remained more or less the same yesterday, there were also no notable changes observed in the distribution between the long (33%) and short (67%) positions. In the meantime, the gap between the buy and sell orders narrowed, as the share of the latter decreased from 55% to 53%.