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- Travelex Global Business Payments (based on CNBC)
Industry outlook
Current bullish advancement of the pair is expected to come to an end near a strong resistance zone located at 1.3291/1.3325. Once EUR/USD is rejected by this area, it will recommence moving towards the long-term target at 1.2624.
Traders' sentiment
Traders' sentiment on EUR/USD has been little changed since the last report and remains neutral. Long positions constitute 48% of the market, while short ones are 52% of it.
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 1.3259 and 1.3294. The highest level is at 1.3338.
Short position opened
A part of the brokers will close their short positions near initial support level at 1.3180. In case of downtrend continuation, the pair might rebound from the S2 at 1.3136 or S3 at 1.3101.
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