© Dukascopy
- Fitch Ratings (based on Bloomberg)
Industry outlook
The currency pair is closing in 1.3380/60, which is to provide temporary support for the price. After some time it is expected to be pushed through, clearing the way to subsequent levels at 1.3145 and eventually 1.20.
Traders' sentiment
The share of bullish traders in EUR/USD market continues to expand. At the moment longs constitute 51.01% of all the positions held, while shorts currently form 48.99% of them.
Long position opened
Investors should pay attention to the identified with the help of the standard pivot point method resistance zones, as they might be useful during intraday trading. The initial resistance level is at the level of 1.3523, whereas R2 and R3 are situated at 1.3607 and 1.3742 accordingly.
Short position opened
Major FX traders expect the price to test the initial support level at 1.3388. The breakout of this line will pave the way for the price to test S2 at 1.3337 and S3 at 1.3202.
© Dukascopy