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- CitiFX Wire (based CNBC)
Industry outlook
At the moment EUR/USD currency pair is contained by 1.3205 (55 day ma) from above and by 1.2995 form below. Given that long-term outlook remains negative, the focus is on the supports located at 1.2974/54 and 1.2945.
Traders' sentiment
The difference of the amounts of long and short positions has narrowed down to 9% from 12% yesterday, indicating that traders are less bullish on the pair.
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 1.3155 and 1.3189. The weakest level is at 1.3238.
Short position opened
Largest investors might have placed their take profit orders at the key support levels. These levels for intraday trading are situated at 1.3072, 1.3023 and 1.2989.
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